Seya, Hajime; Yamagata, Yoshiki; Tsutsumi, Morito - In: Regional Science and Urban Economics 43 (2013) 3, pp. 429-444
The recent progress of spatial econometrics has developed a new technique called the “spatial hedonic approach,” which considers the elements of spatial autocorrelation among property values and geographically distributed attributes. The practical difficulties in applying spatial econometric...