Subdivision Specific Amenities and Residential Property Values

A hedonic property value model, derived from a dynamic game theoretic framework, is estimated using data obtained for 211 subdivisions including 4628 building lots in five Maryland counties. Linear Box-Cox estimation results show that variables measuring subdivision specific amenities significantly affect residential property values, and omission of such variables produces biased coefficient estimates.


Issue Date:
2006
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/28596
Total Pages:
23
Series Statement:
Working Paper WP 06-04




 Record created 2017-04-01, last modified 2017-04-04

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