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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The Journal of Real Estate Finance and Economics,
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