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Analysis of housing price by means of STAR models with neighbourhood effects: a Bayesian approach

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  • Asuncion Beamonte
  • Pilar Gargallo
  • Manuel Salvador

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    Abstract

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    File URL: http://hdl.handle.net/10.1007/s10109-010-0115-7
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    Bibliographic Info

    Article provided by Springer in its journal Journal of Geographical Systems.

    Volume (Year): 12 (2010)
    Issue (Month): 2 (June)
    Pages: 227-240

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    Handle: RePEc:kap:jgeosy:v:12:y:2010:i:2:p:227-240

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    Web page: http://www.springerlink.com/link.asp?id=103079

    Related research

    Keywords: STAR; Bayesian inference; Real estate market; Hedonic model; C11; C21; C22; R31; E37;

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    1. Basu, Sabyasachi & Thibodeau, Thomas G, 1998. "Analysis of Spatial Autocorrelation in House Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 17(1), pages 61-85, July.
    2. David J. Spiegelhalter & Nicola G. Best & Bradley P. Carlin & Angelika van der Linde, 2002. "Bayesian measures of model complexity and fit," Journal of the Royal Statistical Society Series B, Royal Statistical Society, vol. 64(4), pages 583-639.
    3. Pace, R. Kelley & Barry, Ronald & Gilley, Otis W. & Sirmans, C. F., 2000. "A method for spatial-temporal forecasting with an application to real estate prices," International Journal of Forecasting, Elsevier, vol. 16(2), pages 229-246.
    4. Can, Ayse & Megbolugbe, Isaac, 1997. "Spatial Dependence and House Price Index Construction," The Journal of Real Estate Finance and Economics, Springer, vol. 14(1-2), pages 203-22, Jan.-Marc.
    5. Alan E. Gelfand & Mark D. Ecker & John R. Knight & C. F. Sirmans, 2004. "The Dynamics of Location in Home Price," The Journal of Real Estate Finance and Economics, Springer, vol. 29(2), pages 149-166, 09.
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