Traditionally in estimating hedonic housing price functions, investigators use parametric models involving specific functional forms and a finite number of unknown parameters. Some investigators have questioned whether the underlying theory is capable of conveying sufficient information to...

Political instability may weaken investors' belief in property rights, putting the investors in fear that part of the investment may be wasted due to poor protection. As a result, the investors are unwilling to pay a premium for the security of rights when facing political uncertainty. This...

Purpose –In this research, the purpose of this paper is to assess the relative pricing behavior for land in Beijing, China. The paper sees this as important for three core reasons. First, China has a strong growth economy but is still in many ways an undeveloped country and thus the paper do...

Considerable intellectual progress has been made to the development of various semiparametric varying-coefficient models over the past ten to fifteen years. An important advantage of these models is that they avoid much of the curse of dimensionality problem as the nonparametric functions are...

Multinomial and ordered Logit models are quantitative techniques which are used in a range of disciplines nowadays. When applying these techniques, practitioners usually select a single model using either information-based criteria or pretesting. In this paper, we consider the alternative...