IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v12y1980i8p909-919.html
   My bibliography  Save this article

Revealed-Preference Theory and Spatial Choices: Some Limitations

Author

Listed:
  • D Maclennan

    (Department of Social and Economic Research, Adam Smith Building, University of Glasgow, Glasgow G12 8RT, Scotland)

  • N J Williams

    (Department of Geography, University of Aberdeen, High Street, Old Aberdeen AB9 2UF, Scotland)

Abstract

The various attempts that have been made to analyse and develop a theory of spatial choice are reviewed and the weaknesses of these attempts highlighted. In particular the use of revealed-preference theory is criticised on the grounds that mere modification of aspatial economic theories to take account of the spatial dimension may reduce the original aspatial economic theory to an inconsistent and nonoperational set of ideas. Neoclassical economic theory and behavioural notions are seen not as mutually exclusive but as points on a spectrum of possible choice models, and a general framework for the analysis of spatial choices is suggested which attempts to marry these approaches together in a logical, integrated way.

Suggested Citation

  • D Maclennan & N J Williams, 1980. "Revealed-Preference Theory and Spatial Choices: Some Limitations," Environment and Planning A, , vol. 12(8), pages 909-919, August.
    • Handle: RePEc:sae:envira:v:12:y:1980:i:8:p:909-919
    DOI: 10.1068/a120909
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/a120909
    Download Restriction: no
    File URL: https://libkey.io/10.1068/a120909?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Mahlon R. Straszheim, 1975. "An Econometric Analysis of the Urban Housing Market," NBER Books, National Bureau of Economic Research, Inc, number stra75-1, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ballesteros, Marife M., 2001. "The Dynamics of Housing Demand in the Philippines: Income and Lifecycle Effects," Discussion Papers DP 2001-15, Philippine Institute for Development Studies.
    2. Goldman, Fred & Grossman, Michael, 1978. "The Demand for Pediatric Care: An Hedonic Approach," Journal of Political Economy, University of Chicago Press, vol. 86(2), pages 259-280, April.
    3. Dennis W. Draper & M. Chapman Findlay, 1982. "Capital Asset Pricing and Real Estate Valuation," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 10(2), pages 152-183, June.
    4. Kopczewska, Katarzyna & Ćwiakowski, Piotr, 2021. "Spatio-temporal stability of housing submarkets. Tracking spatial location of clusters of geographically weighted regression estimates of price determinants," Land Use Policy, Elsevier, vol. 103(C).
    5. Hao Wu & Hongzan Jiao & Yang Yu & Zhigang Li & Zhenghong Peng & Lingbo Liu & Zheng Zeng, 2018. "Influence Factors and Regression Model of Urban Housing Prices Based on Internet Open Access Data," Sustainability, MDPI, vol. 10(5), pages 1-17, May.
    6. Chris Leishman & Greg Costello & Steven Rowley & Craig Watkins, 2013. "The Predictive Performance of Multilevel Models of Housing Sub-markets: A Comparative Analysis," Urban Studies, Urban Studies Journal Limited, vol. 50(6), pages 1201-1220, May.
    7. Eilers, Lea, 2016. "Spatial Dependence in Apartment Offering Prices in Hamburg," VfS Annual Conference 2016 (Augsburg): Demographic Change 145639, Verein für Socialpolitik / German Economic Association.
    8. Yong Tu & Hua Sun & Shi-Ming Yu, 2007. "Spatial Autocorrelations and Urban Housing Market Segmentation," The Journal of Real Estate Finance and Economics, Springer, vol. 34(3), pages 385-406, April.
    9. Colin Jones & Mike Coombes & Neil Dunse & David Watkins & Colin Wymer, 2012. "Tiered Housing Markets and their Relationship to Labour Market Areas," Urban Studies, Urban Studies Journal Limited, vol. 49(12), pages 2633-2650, September.
    10. David C. Wheeler & Antonio Páez & Jamie Spinney & Lance A. Waller, 2014. "A Bayesian approach to hedonic price analysis," Papers in Regional Science, Wiley Blackwell, vol. 93(3), pages 663-683, August.
    11. Nils Soguel & Marc-Jean Martin & Alexandre Tangerini, 2008. "The Impact of Housing Market Segmentation between Tourists and Residents on the Hedonic Price for Landscape Quality," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 144(IV), pages 655-678, December.
    12. Craig A Watkins, 2001. "The Definition and Identification of Housing Submarkets," Environment and Planning A, , vol. 33(12), pages 2235-2253, December.
    13. Arnab Bhattacharjee & Eduardo Castro & João Marques, 2012. "Spatial Interactions in Hedonic Pricing Models: The Urban Housing Market of Aveiro, Portugal," Spatial Economic Analysis, Taylor & Francis Journals, vol. 7(1), pages 133-167, March.
    14. Duncan Maclennan, 1977. "Some Thoughts on the Nature and Purpose of House Price Studies," Urban Studies, Urban Studies Journal Limited, vol. 14(1), pages 59-71, February.
    15. A. Thomas King, 1976. "The Demand for Housing: Integrating the Roles of Journey-to-Work, Neighborhood Quality, and Prices," NBER Chapters, in: Household Production and Consumption, pages 451-488, National Bureau of Economic Research, Inc.
    16. Levine, Jonathan C., 1990. "Employment Suburbanization and the Journey to Work," University of California Transportation Center, Working Papers qt05c8750h, University of California Transportation Center.
    17. Marvin L. Wolverton, 1998. "Empirical Investigation into the Limitations of the Normative Paired Sales Adjustment Method," Journal of Real Estate Research, American Real Estate Society, vol. 15(2), pages 191-204.
    18. Charles A. M. de Bartolome & Stephen L. Ross, 2002. "The Race to the Suburb: The Location of the Poor in a Metropolitan Area," Working papers 2002-02, University of Connecticut, Department of Economics, revised May 2008.
    19. Vladimir Bajic, 1985. "Housing‐Market Segmentation and Demand for Housing Attributes: Some Empirical Findings," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 13(1), pages 58-75, March.
    20. Evren Ozus & Vedia Dokmeci & Gulay Kiroglu & Guldehan Egdemir, 2007. "Spatial Analysis of Residential Prices in Istanbul," European Planning Studies, Taylor & Francis Journals, vol. 15(5), pages 707-721, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envira:v:12:y:1980:i:8:p:909-919. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.