Home Prices and Urban Corridors
| dc.creator | Ko, Kate | |
| dc.date | 2017-04-01T20:06:56Z | |
| dc.date.accessioned | 2026-07-09T09:28:20Z | |
| dc.description | This paper describes a semiparametric procedure to recover willingness to pay for housing and neighborhood attributes using a hedonic pricing model that incorporates spatial autocorrelation. To model taste heterogeneity, I estimate consumer preferences from parcel-level attributes in the form of household-specific random utility coefficients. The application here provides a way to reconcile home prices with the synergy created by the spatial dependence of residential homes and urban corridors. Specifically, the respective accessibility and nuisance effects of a commercial, an industrial/ transportation, a recreational corridor, and a highway, in Minneapolis are estimated. Ultimately, this paper addresses the question of how different types of households value different local economic development and housing attributes. | |
| dc.identifier | doi:10.22004/ag.econ.207607 | |
| dc.identifier | https://ageconsearch.umn.edu/record/207607/files/2009_32_UrbanCorridors_paper.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/207607 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/609260 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/207607 | |
| dc.title | Home Prices and Urban Corridors | |
| dc.type | Text |