(Article of periodic en Anglais - 2002)

Document title

Estimating neighbourhood effects in house prices : towards a new hedonic model approach

Authors(s) and Affiliation(s)

TSE R.Y.C. ;


A modification is made to multiple regression analysis based on the land-rent concept so that the modified hedonic house price function can be determined. The paper develops a stochastic approach which is able to correct autocorrelation bias in the hedonic function. The sample is orientated by location to reflect the neighbourhood effects. They can thus be separated from the random disturbance. The stochastic model, using data from Hong Kong, is a more flexible application of hedonic price regressions, making it an appealing alternative to spatial problems


Article of periodic

published at : Urban studies / ISSN 0042-0980

Editor : Longman Group, Harlow - ROYAUME-UNI (1964)

Millesime : 2002, vol. 39, no7 [pp. 1165-1180]

Bibliographic references : 29 ref.

Collation : Illustration ;




Laboratoire INTERGEO - Paris

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2003.
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