An Analysis of the Influence of Location in the Market for Undeveloped Urban Fringe Land
This paper blends and extends the Colwell and Munneke (1997) and Isakson (1997) models of urban land values to include a spatiotemporal plattage component. By including a monocentric term in the Isakson model, we arrive at a Colwell and Munneke-type model with a temporal component included in the plattage term. We further extend this model to include a spatiotemporal effect in the plattage term and demonstrate the use of geostatistical plattage models.
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- Joseph G. Kowalski & Peter F. Colwell, 1986. "Market Versus Assessed Values of Industrial Land," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 14(2), pages 361-373.
- Hans R. Isakson, 1997. "An Empirical Analysis of the Determinants of the Value of Vacant Land," Journal of Real Estate Research, American Real Estate Society, vol. 13(2), pages 103-114.
- Capozza, Dennis R. & Helsley, Robert W., 1989. "The fundamentals of land prices and urban growth," Journal of Urban Economics, Elsevier, vol. 26(3), pages 295-306, November.
- Dubin, Robin A. & Sung, Chein-Hsing, 1990. "Specification of hedonic regressions: Non-nested tests on measures of neighborhood quality," Journal of Urban Economics, Elsevier, vol. 27(1), pages 97-110, January.
- Karl Guntermann, 1997. "Residential Land Prices Prior to Development," Journal of Real Estate Research, American Real Estate Society, vol. 14(1), pages 1-18.
- Pace, R Kelley & Barry, Ronald & Sirmans, C F, 1998.
"Spatial Statistics and Real Estate,"
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- Dubin, Robin A, 1988. "Estimation of Regression Coefficients in the Presence of Spatially Autocorrelated Error Terms," The Review of Economics and Statistics, MIT Press, vol. 70(3), pages 466-74, August.
- Daniel P. McMillen & John F. McDonald, 1989. "Selectivity Bias in Urban Land Value Functions," Land Economics, University of Wisconsin Press, vol. 65(4), pages 341-351.
- Colwell, Peter F. & Munneke, Henry J., 1997. "The Structure of Urban Land Prices," Journal of Urban Economics, Elsevier, vol. 41(3), pages 321-336, May.
- David L. Chicoine, 1981. "Farmland Values at the Urban Fringe: An Analysis of Sale Prices," Land Economics, University of Wisconsin Press, vol. 57(3), pages 353-362.
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