In several studies, hedonic methods have been used successfully for the ex post assessment of the accuracy of inflation measurement. Most of these studies relate to high-tech products, with respect to which traditional methods of compiling price indices often fail. We apply hedonic methods to rental housing services, which display less quality progress. However, as German households spend about...

The study empirically estimates the effects of four types of impact fees (road, school, park, and fire protection impact fees) on new and existing housing, as well as the fees’ differential effects on price as determined by housing quality. The results indicate that impact fees generally raise the price of new housing. Further, the magnitude and the direction of the housing price effect of indi...

This is an introduction to the special section on the economic theory of bubbles. © 2014 Elsevier B.V. All rights reserved. Asset markets around the world are very volatile. Two most important asset markets are the stock market and the housing market. Fig. 1 presents the US and the Japanese real stock market indices (S&P 500 and Nikkei 225).1 This figure shows that the US stock market experienc...

This paper gives the results of a semiparametric analysis of pollution effects on housing prices using the Boston Housing Data. The exposition introduces the basic ideas of modeling pollution impacts with hedonic price methods, discusses the standard log-linear model, and then introduces nonparametric estimation and semiparametric index models. We focus on the intuitive content and substantive ...

like other economic markets, housing market is comprised of supply and demand dimensions and equality of supply and demand makes the housing market balanced. the aim of this paper is to investigate the characteristics of housing market of tehran city and some deficiencies of this market with fundamental – applied methodology. the variable studied here is the saleable residential unit with minim...

[naeini1]  housing is the third top factor in human life, after food and clothing in all communities. many variables are involved in determining housing prices and it is impossible to ignore housing feedback. one of the powerful tools to determine the impact of policies in this field is using system dynamics approach. according to this approach, the cause-and- effect diagram of factors affectin...

Executive summary • Alternative house price indices are giving different pictures of the state of the housing market. For example, some suggest nominal UK prices had surpassed their previous 2007-08 peak by early 2014, while others do not. • In part, these differences reflect the fact that the various indices are trying to measure different things. In particular, there is some ambiguity as to w...

This paper examines how spatial price differentials affect income distribution in Italy. The distribution of household income is “reshuffled” after controlling for the purchasing power of households residents in different regions, but only when housing price variations are included in the PPP index. Poor households living in Southern Italy alleviate their relative condition, but concentration o...

in present paper, housing has been considered as a multidimensional and heterogeneous item. its characteristics has been considered as key elements in determination of unit price of each building unit. the aim of the present paper is to determine the degree of importance which each charactericstics of housing has for users. there fore, hedonic price function of urbun housing in khoramabad estim...