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| Registros recuperados: 24 | |
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| Chen, Zhuo; Cho, Seong-Hoon; Poudyal, Neelam C.; Roberts, Roland K.. |
| This research evaluated forecasting accuracy of hedonic price models based on a number of different submarket assumptions. Using home sale data for the City of Knoxville and vicinities merged with geographic information, we found that forecasting housing prices with submarkets defined using expert knowledge and by school district and combining information conveyed in different modeling strategies are more accurate and efficient than models that are spatially aggregated, or with submarkets defined by statistical clustering techniques. This finding provided useful implications for housing price prediction in an urban setting and surrounding areas in that forecasting models based on expert knowledge of market structure or public school quality and simple... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Clustering; Forecasting; Hedonic price; Housing Submarket; Demand and Price Analysis; C53; R21. |
| Ano: 2007 |
URL: http://purl.umn.edu/9689 |
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| Tra, Constant I.. |
| This study develops a discrete choice locational equilibrium model to evaluate the benefits of the air quality improvements that occurred in the Los Angeles area following the 1990 Clean Air Act Amendments (CAAA). The discrete choice equilibrium approach accounts for the fact that air quality improvements brought about by the 1990 CAAA will change housing choices and prices. The study provides the first application of the discrete choice equilibrium framework (Anas, 1980, Bayer et al., 2005) to the valuation of large environmental changes. The study also provides new evidence for the distributional welfare impacts of the 1990 CAAA in the Los Angeles area. Households’ location choices are modeled according to the random utility framework of McFadden (1973)... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Benefit analysis; Ozone improvement; Locational equilibrium; Discrete choice; Environmental Economics and Policy; H0; Q28; R13; R21. |
| Ano: 2007 |
URL: http://purl.umn.edu/7341 |
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| Kopits, Elizabeth; McConnell, Virginia D.; Walls, Margaret. |
| Many economists see current land use patterns as inefficient due to various market failures, and planners argue that current patterns do not follow sound planning practice. One policy of interest to both groups is transferable development rights (TDR). TDRs allow the development rights from land that is preserved in an undeveloped state to be transferred to other areas where development can be made denser. This paper addresses one of the greatest difficulties TDR programs face-insufficient demand. We develop a simple theoretical model and estimate a TDR demand function using data from Calvert County, Maryland, one of the only regions where data on individual sales are available. We find that baseline zoning is a critical determinant of TDR demand- demand... |
| Tipo: Working or Discussion Paper |
Palavras-chave: TDRs; Density; Zoning; Subdivisions; International Development; R14; R52; R21. |
| Ano: 2005 |
URL: http://purl.umn.edu/10880 |
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| Registros recuperados: 24 | |
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