SUBDIVISION SPECIFIC AMENITIES AND RESIDENTIAL PROPERTY VALUES
Resource information
Date of publication
Diciembre 2004
Resource Language
ISBN / Resource ID
AGRIS:US2016206489
A hedonic property value model, derived from a dynamic game theoretic framework, is estimated using data obtained for 211 subdivisions including 4628 building lots in five Maryland counties. Linear Box-Cox estimation results show that variables measuring subdivision specific amenities significantly affect residential property values, and omission of such variables produces biased coefficient estimates.
