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Registros recuperados: 24 | |
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Wu, JunJie; Adams, Richard M.; Plantinga, Andrew J.. |
This paper analyzes the effect of open space and other amenities on housing prices and development density within the framework of an urban equilibrium model. The model is estimated as a system of equations that includes households' residential choice decisions and developers' development decisions and emphasizes the importance of amenities in the formation of development patterns and property values. The model is applied to Portland, Oregon, where ambitious open space programs have been implemented. The results suggest that amenities are important: households are willing to pay more for newer houses located in areas of less dense development, with more open space, better views, less traffic congestion, and near amenity locations. For the developer,... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Community/Rural/Urban Development; R11; R21; R31. |
Ano: 2003 |
URL: http://purl.umn.edu/21961 |
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Lambert, Dayton M.; Florax, Raymond J.G.M.; Cho, Seong-Hoon. |
This research note documents estimation procedures and results for an empirical investigation of the performance of the recently developed spatial, heteroskedasticity and autocorrelation consistent (HAC) covariance estimator calibrated with different kernel bandwidths. The empirical example is concerned with a hedonic price model for residential property values. The first bandwidth approach varies an a priori determined plug-in bandwidth criterion. The second method is a data driven cross-validation approach to determine the optimal neighborhood. The third approach uses a robust semivariogram to determine the range over which residuals are spatially correlated. Inference becomes more conservative as the plug-in bandwidth is increased. The data-driven... |
Tipo: Working or Discussion Paper |
Palavras-chave: Spatial HAC; Semivariogram; Bandwidth; Hedonic model; Research Methods/ Statistical Methods; C13; C31; R21. |
Ano: 2008 |
URL: http://purl.umn.edu/45964 |
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Murova, Olga I.; Hanagriff, Roger D.. |
The goal of this study, based on data collected through community surveys and visitors’ surveys, is to determine and analyze factors impacting returns from rural tourism. Our first model shows that age of event, median family income, and hired labor have a significant impact on the revenues collected from tourism events. Furthermore, it shows brochures and flyers to be the most effective form of advertisement. The second multivariate regression model proves that traveling greater distances, staying overnight at a hotel, and plans for visiting surrounding areas contribute positively and significantly to higher individual expenditures by tourists. |
Tipo: Journal Article |
Palavras-chave: Advertising; Rural development; Tourism; Community/Rural/Urban Development; R11; R21. |
Ano: 2011 |
URL: http://purl.umn.edu/113535 |
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Owusu-Edusei, Kwame; Espey, Molly; Lin, Huiyan. |
This study jointly estimates the impact of school quality and school proximity on residential property values in Greenville, South Carolina. While quality is found to be capitalized into residential property values, the degree of capitalization depends on school level and proximity to each school for which the house is zoned for attendance. In general, there is positive value associated with closer proximity to schools of all levels, and negative value associated with a significantly longer than average distance to schools. In terms of quality rankings, excellence at the elementary and high school levels has the strongest impact on property values. |
Tipo: Journal Article |
Palavras-chave: Hedonics; Park proximity; School proximity; School quality; Land Economics/Use; I21; O18; R21. |
Ano: 2007 |
URL: http://purl.umn.edu/6609 |
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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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Bin, Okmyung; Polasky, Stephen. |
This study uses a hedonic property price method to estimate how wetlands affect residential property values in a rural area. The study utilizes wetland inventory data coupled with extensive property sales records between January 2000 and September 2004 from Carteret County, NC. Our results indicate that i) a higher wetland percentage within a quarter mile of a property, ii) closer proximity to the nearest wetland, and iii) larger size of the nearest wetland are associated with lower residential property values. These results contrast with previous hedonic studies that use data from urban areas, which found positive associations between wetland and property values. The amenity value of wetlands appears to depend at least as much on the characteristics of... |
Tipo: Journal Article |
Palavras-chave: Hedonic prices; Housing market; Rural area; Wetlands; D12; Q24; Q26; R21. |
Ano: 2005 |
URL: http://purl.umn.edu/42789 |
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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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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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Nicolella, Alexandre Chibebe; Kassouf, Ana Lucia; Barros, Alexandre Lahóz Mendonça de. |
The aim of this dissertation is to identify the causal relation between rural child labour and health. The analysis utilized the PNAD, a Brazilian household survey, from 1998 and 2003. The econometric modeling was based on the pseudo-panel approach and was considered the children from 5 to 15 years old in 1998 and from 10 to 20 years old in 2003. The results show that work and work in risky jobs in the agricultural sector do not differ from those impacts of other sectors. It was also presented, for all individuals that work in the agricultural sector does not impact the health capital and work in the non rural sector impact negatively the health capital. So, the government intervention in rural areas should be different from the one implemented on the... |
Tipo: Journal Article |
Palavras-chave: Child labor; Health; Pseudo-panel; Agribusiness; I12; R21; C23. |
Ano: 2008 |
URL: http://purl.umn.edu/61231 |
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Registros recuperados: 24 | |
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