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Spatial heterogeneity in hedonic house price models : the case of Austria

Auteur(s) et Affiliation(s)

HELBICH, M.
Institute of Geography, Univ., Heidelberg, Allemagne
BRUNAUER, W.
Credit Risk Methods Development, UniCredit Bank, Wien, Autriche
VAZ, E.
Department of Geography, Ryerson University, Toronto, Canada
NIJKAMP, P.
Dept. of Spatial Economics, VU Univ., Amsterdam, Pays-Bas


Description :
This article examines spatial heterogeneity (SH) in hedonic single-family-house price models through the case of Austria. Due to SH beyond the level of regional indicators, locally weighted regressions are proposed. Mixed geographically weighted regression (MGWR) prevents the limitations of fixed effects by exploring spatially stationary and non-stationary price effects. Besides reducing prediction errors, it is concluded that global model misspecifications arise from improper selected fixed effects.


Type de document :
Article de périodique

Source :
Urban studies (Harlow), issn : 0042-0980, 2014, vol. 51, n°. 2, p. 390-411, nombre de pages : 22, Références bibliographiques : 3 p.

Date :
2014

Editeur :
Pays édition : Royaume-Uni, Harlow, Longman Group

Langue :
Anglais
Droits :
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