Housing price gradients in a geography with one dominating center
We primarily focus on explaining housing prices and predicting housing price gradients in a Norwegian region with one dominating center (Stavanger). For such a geography spatial separation can be represented in a hedonic regression equation by a function of traveling distance from the city center. Several functions are tested, and some alternatives provide both a satisfying goodness-to-fit, consistent coefficient estimates, and intuitively reasonable predictions of housing price gradients. Still, not all commonly used functions are recommended. Spatial autocorrelation is removed when the hedonic function is properly specified.
|Date of creation:||17 Mar 2005|
|Date of revision:|
|Contact details of provider:|| Postal: Institutt for økonomi, Universitetet i Bergen, Postboks 7802, 5020 Bergen, Norway|
Web page: http://www.uib.no/econ/en
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:hhs:bergec:2005_006. 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: (Kjell Erik Lommerud)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.