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Modelling Housing Using Multi-dimensional Panel Data
This chapter surveys housing models using multi-dimensional panels. While there is a vast literature on housing models using two-dimensional panel... -
Hedonic Models and House Price Index Numbers
We survey some recent developments in the literature on hedonic price indices for housing. The main classes of hedonic methods are presented along... -
Air Pollution and Housing Values in Korea: A Hedonic Analysis with Long-range Transboundary Pollution as an Instrument
We estimate the degree and scope of PM 2.5 -induced negative price shock in Korea’s local housing markets, taking a two-stage hedonic approach. For the...
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Housing Valuation and the Business Cycle: The Hedonic House Price Index Approach
The hedonic price method (Rosen S. J Polit Econ 82:34–55, 1974) has widely been used to assess the demand for, and prices of, housing. This method is... -
Real estate listings and their usefulness for hedonic regressions
Real estate platforms provide a new source of data which has already been used as a substitute for transaction data in hedonic regression...
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Higher frequency hedonic property price indices: a state-space approach
The hedonic imputation method allows characteristic shadow prices to evolve over time. These shadow prices are used to construct matched samples of...
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The Economic Value of Coastal Amenities: Evidence from Beach Capitalization Effects in Peer-to-Peer Markets
Coastal amenities are public goods that represent an important attraction for tourism activities. This paper studies the capitalization effects of...
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Time, space and hedonic prediction accuracy: evidence from Corsican apartment markets
In this study, we propose a hedonic housing model to address spatial and temporal latent structures simultaneously. With the development of spatial...
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Machine learning approach to residential valuation: a convolutional neural network model for geographic variation
Geographic location and neighbourhood attributes are major contributors to residential property values. Automated valuation models (AVM) often use...
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Investigating the role of preference variation in the perceptions of railway passengers in Great Britain
This study explores the factors associated with passenger satisfaction on the UK railways. To uncover taste variation, the data was segmented into...
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Incorporating psychological needs in commute mode choice modelling: a hybrid choice framework
This study proposes an integrated choice and latent variable model (ICLV) for commute mode choice that incorporates satisfaction of human needs and...
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Irish Property Price Estimation Using A Flexible Geo-spatial Smoothing Approach: What is the Impact of an Address?
Accurate and efficient valuation of property is of utmost importance in a variety of settings, such as when securing mortgage finance to purchase a...
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Public preferences for heritage conservation strategies: a choice modelling approach
Studies aiming at valuing cultural and natural heritage projects are often focussed on one or only a few sites, whereas planning decisions concerning...
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Coming of Age: Renovation Premiums in Housing Markets
We rely on novel textual analysis of real estate listings and identify renovated dwellings in a dataset of Norwegian transactions to estimate the...
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Automated valuation model for residential rental markets: evidence from Japan
We introduce a new type of automated valuation model (AVM) for residential rental markets employing the ordinary kriging method. Using nearly...
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A theoretical investigation of user acceptance of autonomous public transport
Achieving a critical mass in the acceptance of fully autonomous public transport (APT) is crucial for a society to effectively realise APT’s intended...
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The impact of Instagram on Airbnb’s listing prices in the city of Barcelona
The purpose of our study is to analyse whether consumers’ preferences—evaluated through social media—to different tourist sites have a significant...
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Dale W. Jorgenson (1933–2022)
Dale W. Jorgenson was a central contributor to a wide range of economic and policy issues over a long and productive career. His research was... -
The cost of floods in develo** countries’ megacities: a hedonic price analysis of the Jakarta housing market, Indonesia
Although many megacities in develo** countries experience floods annually that affect a large number of people, relatively few empirical studies...
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A spatial model averaging approach to measuring house prices
We present a novel approach to the estimation of hedonic imputation (HI) price indices for real estate markets using a new Mallows model averaging...