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Homeownership is heavily subsidized in many countries mainly through the tax code. The adverse effects of lenient tax … evidence of positive externalities from neighborhood homeownership rate. This result is robust to relaxing the identification …
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Residential choice does not only depend on properties of the dwelling, neighborhood amenities and affordability, but is also affected by the population composition within a neighbourhood. All these attributes are capitalised in the house price. Empirically, it is not easy to disentangle the...
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Home values have been found to be positively associated with park proximity and park quality. However, the affect of accessibility, defined as walkability around neighborhood parks, on home values is understudied. Using a hedonic model, this study investigates the association between park...
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Loss aversion is a core concept in prospect theory that refers to people's asymmetric attitudes with respect to gains … phenomena, some of which are puzzling under expected utility theory, this concept has received significant attention. This study …
Persistent link: https://www.econbiz.de/10011591060
"Spatial thinking" is increasingly popular in housing market studies and spatial dependence across properties has been widely investigated in the intra-city housing market. The contribution of this paper is to study the spatial dependence and spillover effect of house prices from an interurban...
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