(Article of periodic en Anglais - 2014)

Document title

Spatial heterogeneity in hedonic house price models : the case of Austria

Authors(s) and Affiliation(s)

HELBICH M. (1) ; BRUNAUER W. (2) ; VAZ E. (3) ; NIJKAMP P. (4) ;
(1) Institute of Geography, Univ., Heidelberg, ALLEMAGNE
(2) Credit Risk Methods Development, UniCredit Bank, Wien, AUTRICHE
(3) Department of Geography, Ryerson University, Toronto, CANADA
(4) Dept. of Spatial Economics, VU Univ., Amsterdam, PAYS-BAS


This article examines spatial heterogeneity (SH) in hedonic single-family-house price models through the case of Austria. Due to SH beyond the level of regional indicators, locally weighted regressions are proposed. Mixed geographically weighted regression (MGWR) prevents the limitations of fixed effects by exploring spatially stationary and non-stationary price effects. Besides reducing prediction errors, it is concluded that global model misspecifications arise from improper selected fixed effects


Article of periodic

published at : Urban studies / ISSN 0042-0980

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

Millesime : 2014, vol. 51, no2 [pp. 390-411]

Bibliographic references : 3 p.

Collation : 1 fig., 3 tabl., 4 cartes



Digital Object Identifier

Go to electronic document thanks to its DOI : doi:10.1177/0042098013492234

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2014
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