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Multiple Regime Bid-Rent Function Estimation


  • McMillen, Daniel P.


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  • McMillen, Daniel P., 1997. "Multiple Regime Bid-Rent Function Estimation," Journal of Urban Economics, Elsevier, vol. 41(2), pages 301-319, March.
  • Handle: RePEc:eee:juecon:v:41:y:1997:i:2:p:301-319

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    References listed on IDEAS

    1. James J. Heckman, 1976. "The Common Structure of Statistical Models of Truncation, Sample Selection and Limited Dependent Variables and a Simple Estimator for Such Models," NBER Chapters,in: Annals of Economic and Social Measurement, Volume 5, number 4, pages 475-492 National Bureau of Economic Research, Inc.
    2. Dubin, Jeffrey A & McFadden, Daniel L, 1984. "An Econometric Analysis of Residential Electric Appliance Holdings and Consumption," Econometrica, Econometric Society, vol. 52(2), pages 345-362, March.
    3. Lee, Kyu Sik, 1990. "A model of intraurban employment location: Estimation results from Seoul data," Journal of Urban Economics, Elsevier, vol. 27(1), pages 60-72, January.
    4. Blackley, Paul R., 1985. "The demand for industrial sites in a metropolitan area: Theory, empirical evidence, and policy implications," Journal of Urban Economics, Elsevier, vol. 17(2), pages 247-261, March.
    5. Wallace, Nancy E., 1988. "The market effects of zoning undeveloped land: Does zoning follow the market?," Journal of Urban Economics, Elsevier, vol. 23(3), pages 307-326, May.
    6. Cramer, J. S. & Ridder, G., 1991. "Pooling states in the multinomial logit model," Journal of Econometrics, Elsevier, vol. 47(2-3), pages 267-272, February.
    7. Kau, James B. & Sirmans, C. F., 1979. "Urban land value functions and the price elasticity of demand for housing," Journal of Urban Economics, Elsevier, vol. 6(1), pages 112-121, January.
    8. Lerman, Steven R. & Kern, Clifford R., 1983. "Hedonic theory, bid rents, and willingness-to-pay: Some extensions of Ellickson's results," Journal of Urban Economics, Elsevier, vol. 13(3), pages 358-363, May.
    9. McMillen, Daniel P. & McDonald, John F., 1991. "Urban land value functions with endogenous zoning," Journal of Urban Economics, Elsevier, vol. 29(1), pages 14-27, January.
    10. Gin, Alan & Sonstelie, Jon, 1992. "The streetcar and residential location in nineteenth century Philadelphia," Journal of Urban Economics, Elsevier, vol. 32(1), pages 92-107, July.
    11. Zorn, Peter M., 1985. "Capitalization, population movement, and the local public sector: A probabilistic analysis," Journal of Urban Economics, Elsevier, vol. 17(2), pages 189-207, March.
    12. Murphy, Kevin M & Topel, Robert H, 2002. "Estimation and Inference in Two-Step Econometric Models," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(1), pages 88-97, January.
    13. Ellickson, Bryan, 1981. "An alternative test of the hedonic theory of housing markets," Journal of Urban Economics, Elsevier, vol. 9(1), pages 56-79, January.
    14. McMillen Daniel P. & McDonald John F., 1993. "Could Zoning Have Increased Land Values in Chicago?," Journal of Urban Economics, Elsevier, vol. 33(2), pages 167-188, March.
    15. Gross, David J., 1988. "Estimating willingness to pay for housing characteristics: An application of the Ellickson bid-rent model," Journal of Urban Economics, Elsevier, vol. 24(1), pages 95-112, July.
    16. Hartman, Raymond S, 1991. "A Monte Carlo Analysis of Alternative Estimators in Models Involving Selectivity," Journal of Business & Economic Statistics, American Statistical Association, vol. 9(1), pages 41-49, January.
    17. Lee, Kyu Sik, 1982. "A model of intraurban employment location: An application to Bogota, Colombia," Journal of Urban Economics, Elsevier, vol. 12(3), pages 263-279, November.
    18. McMillen, Daniel P., 1990. "Consistent estimation of the urban land value function," Journal of Urban Economics, Elsevier, vol. 27(3), pages 285-293, May.
    19. Lung-Fei Lee, 1982. "Some Approaches to the Correction of Selectivity Bias," Review of Economic Studies, Oxford University Press, vol. 49(3), pages 355-372.
    20. McDonald, John F., 1989. "Econometric studies of urban population density: A survey," Journal of Urban Economics, Elsevier, vol. 26(3), pages 361-385, November.
    21. Pogodzinski, J. M. & Sass, Tim R., 1994. "The theory and estimation of endogenous zoning," Regional Science and Urban Economics, Elsevier, vol. 24(5), pages 601-630, October.
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    Cited by:

    1. Muto, Sachio, 2006. "Estimation of the bid rent function with the usage decision model," Journal of Urban Economics, Elsevier, vol. 60(1), pages 33-49, July.
    2. Ricardo Hurtubia & Michel Bierlaire, 2014. "Estimation of Bid Functions for Location Choice and Price Modeling with a Latent Variable Approach," Networks and Spatial Economics, Springer, vol. 14(1), pages 47-65, March.
    3. Zhi Dong & Tien Sing, 2014. "Developer Heterogeneity and Competitive Land Bidding," The Journal of Real Estate Finance and Economics, Springer, vol. 48(3), pages 441-466, April.

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