Kaltsas, Ioannis K.; Bosch, Darrell J.; McGuirk, Anya M. - Agricultural and Applied Economics Association - AAEA - 2005
Omitting spatial characteristics such as proximity to amenities from hedonic land value models may lead to spatial autocorrelation and biased and inefficient estimators. A spatial autoregressive error model can be used to model the spatial structure of errors arising from omitted spatial...