GIS-Based Simulation of Accessibility to Enhance Hedonic Modeling and Property Value Appraisal: an Application to the Quebec City Metropolitain Area
AbstractThis paper presents a simulation procedure that uses GIS technology for integrating accessibility to services and working places in order to improve modeling of houses values. Most real estate models use simple functions of distance to CBD in order to evaluate access to services and centrality. However, cities are complex systems. Secondary business centers appear. Shopping malls are disseminated. And, daily services are often located in the neighborhoods. Therefore, measuring accessibility is far more complex than evaluating a mere Euclidean distance to CBD. Using topological streets and roads network and origin-destination surveys, TransCAD (transportation GIS software) simulates trips from each home to selected activity places. Using streets and realistic speed values, it computes accessibility based on the shortest route length, the minimum traveling time or some global cost index. The main purpose of this paper is to compare the effectiveness of these various accessibility measurements to improve hedonic modeling of house values and urban dynamics understanding
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Bibliographic InfoPaper provided by Laval - Faculte des sciences de administration in its series Papers with number 1999-11.
Length: 10 pages
Date of creation: 1999
Date of revision:
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Postal: Canada; Universite Laval, Faculte des sciences de l'administration. Pavillon des sciences de l'administration. Universite laval, Quebec, Canada G1K 7P4
Phone: (418) 656-2180
Web page: http://www.fsa.ulaval.ca/
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HOUSING ; ECONOMIC MODELS;
Find related papers by JEL classification:
- R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
- R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - Housing Supply and Markets
- C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
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