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This paper presents a hedonic housing price model for the city of Glasgow in Scotland. The major innovation of the research is the use of hierarchical clustering techniques to identify property submarkets defined by a combination of property types, locations and socioeconomic characteristics of...
Persistent link: https://www.econbiz.de/10010319004
application is the identification of implicit prices for noise pollution from road, rail and air traffic sources. …
Persistent link: https://www.econbiz.de/10010319038
Herausforderung dar. Das Beispiel Zürich zeigt, wie ambitionierte Nachhaltigkeitsziele verfolgt werden können. Unter der Maßgabe einer … example of Zürich shows how ambitious sustainability goals may be pursued. Using the stipulation of a 2000-watt-society, which … Habitat Award indicate the high quality of the project. This case study shows that Zürich housing associations are taking on …
Persistent link: https://www.econbiz.de/10012498755
Recent advances in the theoretical understanding of equilibria in property markets predict that the equilibrium hedonic price function will typically be highly nonlinear. Rather than adopting progressively more flexible econometric specifications to deal with this nonlinearity we adopt an...
Persistent link: https://www.econbiz.de/10010319042
A frequent assumption of hedonic price estimation using property market data is that spatial autocorrelation of regression residuals is a feature of the error generating process. Under this assumption, spatial error dependence models that impose a specific spatial structure on the error...
Persistent link: https://www.econbiz.de/10010319068
In October 2003, a new flight regime was introduced at Zurich airport that significantly changed the levels of noise … pollution in surrounding communities. We investigate the impact of the new flight policy on apartment prices using a hedonic …
Persistent link: https://www.econbiz.de/10010315487
Persistent link: https://www.econbiz.de/10012320670
Following a contractionary monetary policy shock, the aggregate output decreases over time for six to eight quarters, while the real interest rate increases immediately and remains high for three quarters. Full participation models can hardly replicate the joint response of the aggregate output...
Persistent link: https://www.econbiz.de/10010263223
This paper analyzes market segmentation in a two-sided market that consists of media consumers and advertisers. The analysis is motivated by a European Court of Justice Decision in October 2011, which allowed viewers to take advantage of international price differences and buy access to Premier...
Persistent link: https://www.econbiz.de/10010291542
We use transaction-level data and detailed modeling of the high-frequency behavior of federal funds-Eurodollar yield spreads to provide evidence of strong integration between the federal funds and Eurodollar markets, the two core components of the dollar money market. Our results contrast with...
Persistent link: https://www.econbiz.de/10010283409