Estimation of Hedonic Single-Family House Price Function Considering Neighborhood Effect Variables

In the formulation of hedonic models, in addition to locational factors and building structures which affect the house prices, the generation of the omitted variable bias is thought to occur in cases when local environmental variables and the individual characteristics of house buyers are not taken...

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Bibliographic Details
Main Author: Chihiro Shimizu
Format: Article
Language:English
Published: MDPI AG 2014-05-01
Series:Sustainability
Subjects:
Online Access:http://www.mdpi.com/2071-1050/6/5/2946