We study the effect that changes of commuting costs to intra urban employment centers may have on property prices in Bogotá, Colombia. To explore the relationship between prices and communing costs, we use a difference in difference spatial model. Parametric and non-parametric estimations...

Nowadays, several Apps record real-time data from social networks that enrich users' decision making. We argue that these data may also be used to better inform policy makers in the absence of monitoring data or as a complementary tool of measurement systems. This is the case of Waze, an App...

Using a (second stage) hedonic housing model, this paper identifies an inverse demand function for air quality in Bogota, the fourth most polluted city in Latin America (annual average of PM10 52 mg/m3). We use precipitation and distance to monitoring stations as instruments for pollution. We...

Spanish Abstract: La relación entre vegetación y criminalidad ha sido motivo de investigación reciente entre estudiosos del entorno urbano. Se argumenta que si bien la vegetación puede tener efectos positivos sobre la salud humana, por otro lado podría relacionarse con una mayor propensión...

Hedonic pricing models use property value differentials to value changes in environmental quality. If unmeasured quality attributes of residential properties are correlated with an environmental quality measure of interest, conventional methods for estimating implicit prices will be biased....

We empirically compare the accuracy and precision of representative Least Squares, Maximum Likelihood and Bayesian methods of estimation. Using an approach similar to the jackknife, each method is repeatedly applied to subsamples of a data set on the property market in Bogotá, Colombia to...