Specification and estimation of hedonic housing price models

Article Abstract:

The hedonic regression approach to house pricing is evaluated using several spatialeconometric techniques. The models evaluated are the traditional hedonic model,the expansion modeling strategy and the autoregressive versions of the first two. Results indicate that the models are effective if the neighborhood effectsare considered and are conceptionally more accurate in representing the house price determination process.

Prices and rates, Housing, Housing research

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Stratetgic location decisions in a growing market

Article Abstract:

The first new business enterprise will locate either in the center of a market to maximize deterrence or on the periphery to minimize competition. The second business will locate in the periphery. Location choice depends on customer location, interest rates, and transportation costs.

Research and Development in the Social Sciences and Humanities, Management & Information Science, Economic development, Location, New business enterprises, Startups, Duopolies

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Sequential locations in directional markets

Article Abstract:

Subgame perfect equilibria exist in directional markets with continuous location and noncooperation constraints. This models demonstrates a location equilibrium with movers at the midpoint and the endpoint, different from the Hotelling model.

Market Research, Usage, Natural resources, Game theory

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