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Spatial Econometric Approaches to Estimating Hedonic Property Value Models AgEcon
Wang, Li; Ready, Richard C..
The inclusion of spatial correlation of house price in hedonic pricing model may produce better marginal implicit price estimate(s) of the environmental variable(s) of interest. Most applications where a spatial econometric model is applied to the estimation of a hedonic property value model have used either a spatial lag model or a spatial autoregressive (SAR) error model. Incorrect spatial specification may produce even worse estimate outcome than OLS. Three issues regarding the specification of a spatial hedonic pricing model are considered. First, we question the "convention" of row-standardizing the spatial weights matrix. Second, we argue that the spatial error component (SEC) model is more theoretically intuitive and appealing for modeling house...
Tipo: Conference Paper or Presentation Palavras-chave: Row-standardization; Spatial econometrics; SEC model; SAR error model; Spatial lag model; Hedonic pricing; Landfill; House price; Public Economics.
Ano: 2005 URL: http://purl.umn.edu/19174
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Research on Reclaimed Land Quality Based on Peasant Households’ Behaviors —A Case of the Reclaimed Land in Liuxin Country, Xuzhou, China AgEcon
Li, Jing-jing; Mou, Shou-Guo; Wang, Li; Wu, Di; Ma, Meng; Lian, Ju-xia.
The quality of reclaimed land not only relates to the way of reclamation, but also has close relations to farmers’ living standard and households’ behaviors. Taking the farmland in the reclamation region of the Liuxin County, Tongshan Town, Xuzhou as the survey objects, we conduct a survey on peasant households in the reclamation region by the way of questionnaire. The data collected from the survey are analyzed by using scientific statistical methods, including SPSS software and Excel. The results show that in the investigation of peasant households’ perceptual knowledge towards the quality of reclaimed land, 42.5% of them holds the satisfactory and extremely satisfactory attitudes, which take relatively high percentage. As a result of the increase of...
Tipo: Journal Article Palavras-chave: Reclaimed farmland; Quality of the reclaimed land; Peasant household behaviors; Questionnaire; China; Agribusiness.
Ano: 2010 URL: http://purl.umn.edu/94278
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