House Prices and Spatial Dependence : Towards an Integrated Procedure to Model Neighborhood
This paper deals with applying GIS and spatial statistics to hedonic modeling. More precisely, it looks at spatial autocorrelation and trend surface analysis (TSA) as devices that can be used to improve model performances. Empirical analysis is performed on the Charlesbourg 1986-87 bungalow (one-story, single-family detached unit) residential market segment. Charlesbourg is the third largest municipality in the Quebec Urban Community (QUC), with some 71 000 in population by 1991. Main findings first suggest that TSA may either be viewed as a proxy for, or a complement to, detailed neighborhood analysis. While best results are obtained using an array of space-related attributes, TSA proves to be an adequate, cost-efficient alternative to expensive data collection. Secondly, the study emphasizes the need for a strict analytical framework to be followed if any spurious conclusions about implicit prices are to be avoided.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1999|
|Date of revision:|
|Contact details of provider:|| 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/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:fth:lavadm:99-002. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel)
If references are entirely missing, you can add them using this form.