Hedonic Methods in Housing Markets

Hedonic Methods in Housing Markets PDF Author: Andrea Baranzini
Publisher: Springer Science & Business Media
ISBN: 0387768157
Category : Business & Economics
Languages : en
Pages : 283

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Book Description
Cities are growing worldwide and their sprawl is increasingly challenged for its pressure on open spaces and environmental quality. Economic arguments can help to decide about the trade-off between preserving environmental quality and developing housing and business surfaces, provided the benefits of environmental quality are adequately quantified. To this end, this book focuses on the use and advancement of the “hedonic approach”, an economic valuation technique that analyses and quantifies the sources of rent and property price differentials. Starting from theoretical foundations, the hedonic approach is applied to the valuation of natural land use preservation and noise abatement measures, as well as to residential segregation and discrimination, extending the analysis to the role of the buyers and sellers' identity on housing market prices and to the issue of environmental justice.

Hedonic Methods in Housing Markets

Hedonic Methods in Housing Markets PDF Author: Andrea Baranzini
Publisher: Springer Science & Business Media
ISBN: 0387768157
Category : Business & Economics
Languages : en
Pages : 283

Get Book Here

Book Description
Cities are growing worldwide and their sprawl is increasingly challenged for its pressure on open spaces and environmental quality. Economic arguments can help to decide about the trade-off between preserving environmental quality and developing housing and business surfaces, provided the benefits of environmental quality are adequately quantified. To this end, this book focuses on the use and advancement of the “hedonic approach”, an economic valuation technique that analyses and quantifies the sources of rent and property price differentials. Starting from theoretical foundations, the hedonic approach is applied to the valuation of natural land use preservation and noise abatement measures, as well as to residential segregation and discrimination, extending the analysis to the role of the buyers and sellers' identity on housing market prices and to the issue of environmental justice.

Development of a Forecasting Model to Predict the Downturn and Upturn of a Real Estate Market in the Inland Empire

Development of a Forecasting Model to Predict the Downturn and Upturn of a Real Estate Market in the Inland Empire PDF Author: Thomas F. Flynn
Publisher: Universal-Publishers
ISBN: 1599423944
Category : Business & Economics
Languages : en
Pages : 379

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Book Description
Amidst the dramatic real estate fluctuations in the first decade of the twenty-first century, this study recognized that there is a necessity to create a real estate prediction model for future real estate ventures and prevention of losses such as the mortgage meltdown and housing bust. This real estate prediction model study sought to reinstall the integrity into the American building and development industry, which was tarnished by the sudden emergence of various publications offering get-rich-quick schemes. In the fast-paced and competitive world of lending and real estate development, it is becoming more complex to combine current and evolving factors into a profitable business model. This prediction model correlated past real estate cycle pinpoints to economical driving forces in order to create an ongoing formula. The study used a descriptive, secondary interpretation of raw data already available. Quarterly data was taken from the study's seven independent variables over a 24-year span from 1985 to 2009 to examine the correlation over two real estate cycles. Public information from 97 quarters (1985-2009) was also gathered on seven topics: consumer confidence, loan origination volume, construction employment statistics, migration, GDP, inflation, and interest rates. The Null hypothesis underwent a test of variance at a .05 level of significance. Multiple regression analysis uncovered that four of seven variables have correlated and could predict movement in real estate cycle evidence from previous data, based in the Inland Empire. GDP, interest rates, loan origination volume, and inflation were the four economical driving variables that completed the Inland Empire's real estate prediction model and global test. Findings from this study certify that there is correlation between economical driving factors and the real estate cycle. These correlations illustrate patterns and trends, which can become a prediction model using statistics. By interpreting and examining the data, this study believes that the prediction model is best utilized through pinpointing an exact numerical location by running calculations through the established global equation, and recommends further research and regular update of quarterly trends and movements in the real estate cycle and specific variables in the formula.

Three Essays in Natural Resource Economics

Three Essays in Natural Resource Economics PDF Author: Gregory S. Amacher
Publisher:
ISBN:
Category :
Languages : en
Pages : 312

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Book Description


Palgrave Handbook of Econometrics

Palgrave Handbook of Econometrics PDF Author: Terence C. Mills
Publisher: Springer
ISBN: 0230244408
Category : Business & Economics
Languages : en
Pages : 1406

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Book Description
Following theseminal Palgrave Handbook of Econometrics: Volume I , this second volume brings together the finestacademicsworking in econometrics today andexploresapplied econometrics, containing contributions onsubjects includinggrowth/development econometrics and applied econometrics and computing.

Regional and Urban Economics and Economic Development

Regional and Urban Economics and Economic Development PDF Author: Mary E. Edwards
Publisher: Taylor & Francis
ISBN: 135155168X
Category : Political Science
Languages : en
Pages : 788

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Book Description
Thorough and authoritative, Regional and Urban Economics and Economic Development: Theory and Methods provides students with a sound approach to analyzing the economic progress of a region or urban area. The textbook is divided into four sections for ease of reference. The first section, Market Areas and Firm Location Analysis introduces spatial economics and location theory, while the next section, Regional Growth and Development analyzes regional growth and development models and policy. Introducing the foundations of urban economics, Urban Land Use and Urban Form examines land rent, land use patterns, and the effects of attempts to control land uses. The final section, Urban Problems and Policy, investigates local public finance and introduces the policy analysis involved in countering urban problems. Addressing these topics from the perspectives of how they affect the population at large and how they become established within public policy, Regional and Urban Economics and Economic Development: Theory and Methods provides students with an essential foundation not only to understand but also to contemplate the dynamics of varying economic factors as they relate to an area's growth.

Routledge Companion to Real Estate Investment

Routledge Companion to Real Estate Investment PDF Author: Bryan D. MacGregor
Publisher: Routledge
ISBN: 1317687841
Category : Business & Economics
Languages : en
Pages : 395

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Book Description
Real estate represents an increasingly significant global asset class and its distinctive characteristics must be understood by investors and researchers. The Routledge Companion to Real Estate Investment provides an authoritative overview of the real estate asset class. The Companion focuses on the current academic research and its relevance for practical applications. The book is divided into four parts, each containing specially written chapters by international experts in the relevant field. The contributors cover the institutional context for real estate investment, the main players in real estate investment, real estate appraisal and performance measurement, and real estate portfolios and risk management. This Companion provides a comprehensive reference for students, academics and professionals studying, researching and working in real estate investment, finance and economics.

Geospatial Analysis and Modelling of Urban Structure and Dynamics

Geospatial Analysis and Modelling of Urban Structure and Dynamics PDF Author: Bin Jiang
Publisher: Springer Science & Business Media
ISBN: 9048185726
Category : Science
Languages : en
Pages : 465

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Book Description
A Coming of Age: Geospatial Analysis and Modelling in the Early Twenty First Century Forty years ago when spatial analysis first emerged as a distinct theme within geography’s quantitative revolution, the focus was largely on consistent methods for measuring spatial correlation. The concept of spatial au- correlation took pride of place, mirroring concerns in time-series analysis about similar kinds of dependence known to distort the standard probability theory used to derive appropriate statistics. Early applications of spatial correlation tended to reflect geographical patterns expressed as points. The perspective taken on such analytical thinking was founded on induction, the search for pattern in data with a view to suggesting appropriate hypotheses which could subsequently be tested. In parallel but using very different techniques came the development of a more deductive style of analysis based on modelling and thence simulation. Here the focus was on translating prior theory into forms for generating testable predictions whose outcomes could be compared with observations about some system or phenomenon of interest. In the intervening years, spatial analysis has broadened to embrace both inductive and deductive approaches, often combining both in different mixes for the variety of problems to which it is now applied.

The Economic Value of Landscapes

The Economic Value of Landscapes PDF Author: C. Martijn van der Heide
Publisher: Routledge
ISBN: 0415563283
Category : Business & Economics
Languages : en
Pages : 362

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Book Description
This book aims to explore the avenue of landscape economics and provides the building blocks (from different scientific disciplines) for an economic analysis of landscapes. What exactly constitutes and determines the value of a landscape? It focuses on the value of landscapes in its broadest sense, thereby covering a variety of topics including stakeholder involvement in landscape design, landscape governance and landscape perceptions from different countries. Merely saying that landscapes have value or are important is not sufficient - not when resources are scarce and have alternative uses. Measuring and quantifying the economic value of changes in landscapes would help ensure that landscape management decisions are both (economically) rational and sound.

Essays on Urban Spatial Structure

Essays on Urban Spatial Structure PDF Author: John F. Kain
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 440

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Book Description


Cost-Benefit Analysis and the Environment Further Developments and Policy Use

Cost-Benefit Analysis and the Environment Further Developments and Policy Use PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264085165
Category :
Languages : en
Pages : 458

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Book Description
This book explores recent developments in environmental cost-benefit analysis (CBA). This is defined as the application of CBA to projects or policies that have the deliberate aim of environmental improvement or are actions that affect, in some way, the natural environment as an indirect consequence