SPATIAL MULTIPLIERS IN HEDONIC ANALYSIS: A COMMENT ON “SPATIAL HEDONIC MODELS OF AIRPORT NOISE, PROXIMITY, AND HOUSING PRICES”*
Пространственные мультипликаторы в гедоническом анализе: комментарий к статье «Пространственные гедонические модели воздействия шума аэропортов и близости к аэропорту на цены жилья»*
2010-06-09
SCID: 54.1/dtvffnza
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airport noisehedonic analysissemi-logarithmic modelsspatial multipliersspatial-lag models
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Abstract (AI)
ABSTRACT This note draws upon the spatial-hedonic analysis of Cohen and Coughlin to clarify the role of spatial multipliers in regression specification and benefits measurement, and to demonstrate the appropriate calculation of these benefits from dummy-variable coefficients in semi-logarithmic spatial-lag models.
Key Findings
1
It explains how spatial multipliers affect benefits measurement in analyses of airport noise, proximity, and housing prices.
2
The note clarifies how spatial multipliers should enter regression specification in spatial-hedonic models.
3
The paper demonstrates the appropriate calculation of benefits from dummy-variable coefficients in semi-logarithmic spatial-lag models.
Research Object
semi-logarithmic spatial-lag hedonic regression models of airport noise, proximity, and housing prices
Research Subject
the role of spatial multipliers in model specification and the calculation of benefits from dummy-variable coefficients
Publication Details
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2010-06-09
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