We compare hedonic price models estimated with spatial statistics in order to examine the impacts of four different types of neighborhood spatial association: age, education, income and racial clustering. Using Getis and Ord’s (1995) Z(Gi*) as an indicator of spatial clustering, we estimate...

Recent literature suggests identifying house price hedonic regressions by using instrumental variables, spatial statistics, the borders approach, panel data, and other techniques. We present an empirical application of a mixed index model, first proposed by Bowden [Bowden, R.J., 1992....

A survival model of days until sale of a house is used to measure the welfare impact of a nearby environmental disamenity. The model controls for housing and neighborhood characteristics, isolating the effect of landfills on nearby transactions. I hypothesize that sellers may have more...

We examine the impacts of different open space amenities on sales prices of developed and undeveloped land in two time periods ten years apart in a rapidly urbanizing county in central Ohio. Buffers within 0.25 and 0.5 miles are created that include percentages of agricultural, residential, park...

The purpose of this paper is to determine the impact of real estate agents on the price of houses that are located close to an environmental disamenity using Rosen's (1974) hedonic price model. Our main hypothesis is that real estate agents obtain higher prices than those theoretically expected...