File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: A critical review of literature on the hedonic price model

TitleA critical review of literature on the hedonic price model
Authors
Issue Date2003
PublisherUral and Associates, Inc.
Citation
International Journal For Housing Science And Its Applications, 2003, v. 27 n. 2, p. 145-165 How to Cite?
AbstractThe hedonic price model, derived from Lancaster's (1966) consumer theory and Rosen's theoretical (1974) model, has been used extensively in the scientific investigation of various aspects of housing markets. This paper reviews the literature on the application of the hedonic price model. Theoretical background, major empirical issues, inherent limitations, and advantages are discussed. The applicability of the model to the housing market is critically examined. Previous empirical studies of the effects of locational, structural, and neighborhood-related housing attributes on property prices are identified and reviewed. A list of common housing attributes used in the estimation of the hedonic price models and their effects on housing prices are identified. Although the set of prices influencing characteristics is different across different markets, and the variables included in the hedonic price model are also constrained by the availability of data, this list should serve as a useful basic checklist for the application of the hedonic price model in different markets.
Persistent Identifierhttp://hdl.handle.net/10722/81892
ISSN
2015 SCImago Journal Rankings: 0.121
SSRN
References

 

DC FieldValueLanguage
dc.contributor.authorChin, TLen_HK
dc.contributor.authorChau, KWen_HK
dc.date.accessioned2010-09-06T08:23:08Z-
dc.date.available2010-09-06T08:23:08Z-
dc.date.issued2003en_HK
dc.identifier.citationInternational Journal For Housing Science And Its Applications, 2003, v. 27 n. 2, p. 145-165en_HK
dc.identifier.issn0146-6518en_HK
dc.identifier.urihttp://hdl.handle.net/10722/81892-
dc.description.abstractThe hedonic price model, derived from Lancaster's (1966) consumer theory and Rosen's theoretical (1974) model, has been used extensively in the scientific investigation of various aspects of housing markets. This paper reviews the literature on the application of the hedonic price model. Theoretical background, major empirical issues, inherent limitations, and advantages are discussed. The applicability of the model to the housing market is critically examined. Previous empirical studies of the effects of locational, structural, and neighborhood-related housing attributes on property prices are identified and reviewed. A list of common housing attributes used in the estimation of the hedonic price models and their effects on housing prices are identified. Although the set of prices influencing characteristics is different across different markets, and the variables included in the hedonic price model are also constrained by the availability of data, this list should serve as a useful basic checklist for the application of the hedonic price model in different markets.en_HK
dc.languageengen_HK
dc.publisherUral and Associates, Inc.en_HK
dc.relation.ispartofInternational Journal for Housing Science and Its Applicationsen_HK
dc.titleA critical review of literature on the hedonic price modelen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0146-6518&volume=27 &issue=1&spage=pp. 145&epage=165&date=2003&atitle=A+Critical+Review+of+Literature+on+the+Hedonic+Price+Modelen_HK
dc.identifier.emailChau, KW:hrrbckw@hkucc.hku.hken_HK
dc.identifier.authorityChau, KW=rp00993en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.scopuseid_2-s2.0-0037263173en_HK
dc.identifier.hkuros94985en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0037263173&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume27en_HK
dc.identifier.issue2en_HK
dc.identifier.spage145en_HK
dc.identifier.epage165en_HK
dc.publisher.placeUnited Statesen_HK
dc.identifier.ssrn2073594-
dc.identifier.scopusauthoridChin, TL=7201998733en_HK
dc.identifier.scopusauthoridChau, KW=24830082500en_HK

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats