Analysis of Spatial Autocorrelation in House Prices

Journal of Real Estate Finance and Economics

Volumn 17, Issue 1, 1998, Pages 61-85

  Basu, Sabyasachi ^a   Thibodeau, Thomas G ^b  

^a SOUTHERN METHODIST UNIVERSITY   (United States)

^b SOUTHERN METHODIST UNIVERSITY   (United States)

Author keywords

Hedonic house prices; Semivariogram; Spatial autocorrelation

Indexed keywords

EID: 0032368437     PISSN: 08955638     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1007703229507     Document Type: Article

References (35)

1. Anselin, Luc. (1988). Spatial Econometrics: Methods and Models. Dordrecht: Kluwer.
2. Box, G. E. P., and D. R. Cox. (1964). "An Analysis of Transformations," Journal of the Royal Statistical Society Series B, 26(2), 211-243.
3. Can, Ayse. (1990). "The Measurement of Neighborhood Dynamics in Urban Housing Prices," Economic Geography 66(3), 254-272.
4. Can, Ayse. (1992). "Specification and Estimation of Hedonic Housing Price Models," Regional Science and Urban Economics 22, 453-477.
5. Case, Karl E., and Christopher J. Mayer. (1995). "Housing Price Dynamics Within a Metropolitan Area," NBER Working Paper No. 5182, Cambridge, MA.
6. Case, Karl E., and Robert Shiller. (1994). "A Decade of Boom and Bust in the Prices of Single Family Homes: Boston and Los Angeles, 1983 to 1993," New England Economic Review (March-April), 40-51.
7. Cassetti, E. (1972). "Generating Models by the Expansion Method: Applications to Geographical Research," Geographical Analysis 4, 89-91.
8. Cassetti, E. (1986). "The Dual Expansions Method: An Application to Evaluate the Effects of Population Growth on Development," IEEE Transactions on Systems, Man and Cybernetics 16, 29-39.
9. Cliff, Andrew D., and J. K. Ord. (1973). Spatial Autocorrelation. London: Pion Limited.
10. Cressie, Noel A. (1993). Statistics for Spatial Data. New York: Wiley.
11. Dubin, Robin A. (1988). "Estimation of Regression Coefficients in the Presence of Spatially Autocorrelated Error Terms," Review of Economics and Statistics 70, 466-474.
12. Dubin, Robin A. (1992). "Spatial Autocorrelation and Neighborhood Quality," Regional Science and Urban Economics 22, 433-452.
13. Dubin, Robin A., and Chein-Hsing Sung. (1990). "Specification of Hedonic Regressions: Non-nested Tests on Measures of Neighborhood Quality," Journal of Urban Economics 27, 97-110.
14. Gillingham, Robert. (1975). "Place to Place Rent Comparisons," Annals of Economic and Social Measurement 4(1), 153-174.
15. Goodman, Allen C. (1978). "Hedonic Prices, Price Indices, and Housing Markets," Journal of Urban Economics 5(4), 471-484.
16. Goodman, Allen C., and Thomas G. Thibodeau. (1995). "Age-Related Heteroskedasticity in Hedonic House Price Equations," Journal of Housing Research 6(3), 25-42.
17. Goodman, Allen C., and Thomas G. Thibodeau. (1997). "Dwelling Age-Related Heteroskedasticity in Hedonic House Price Equations: An Extension," Journal of Housing Research 8(2), 299-317.
18. Greene, William. (1993). Econometric Analysis (2nd ed.). New York: Macmillan.
19. Isaaks, Edward H., and R. Mohan Srivastava. (1989). An Introduction to Applied Geostatistics. New York: Oxford University Press.
20. Judge, George G., R. Carter Hill, William E. Griffiths, et al. (1989). Introduction to the Theory and Practice of Econometrics (2nd ed.). New York: Wiley.
21. Kain, John, and John Quigley. (1970). "Measuring the Value of Housing Quality," Journal of the American Statistical Association 65(330), 532-548.
22. Li, Mingchi, and H. James Brown. (1980). " Micro-Neighborhood Externalities and Hedonic Housing Prices," Land Economics 56(2), 125-141.
23. MapInfo Corporation. (1994). One Global View, Troy, NY 12180-8399.
24. Mardia, K. V., and R. J. Marshall. (1984). "Maximum Likelihood Estimation of Models for Residual Covariance in Spatial Regression," Biometrika 71, 135-146.
25. Matheron, G. (1963). "Principles of Geostatistics," Economic Geology 58, 1246-1266.
26. Pace, R. Kelley, and Otis Gilley. (1997). "Using the Spatial Configuration of the Data to Improve Estimation," Journal of Real Estate Finance and Economics 14(3), 333-340.
27. Palmquist, Raymond B. (1979). "Hedonic Price and Depreciation Indexes for Residential Housing: A Comment," Journal of Urban Economics 6(2), 267-271.
28. Ripley, Brian. (1981). Spatial Statistics. New York: Wiley.
29. Rosen, Sherwin. (1974). "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy 82(1), 34-55.
30. Schnare, Anne, and Raymond Struyk. (1976). "Segmentation in Urban Housing Markets," Journal of Urban Economics 3, 146-166.
31. Smith, Barton A., and William P. Tesarek. (1994). "House Prices and Regional Real Estate Cycles: Market Adjustments in Houston," Journal of the American Real Estate and Urban Association 19(3), 396-416.
32. Straszheim, Mahlon R. (1975). An Econometric Analysis of the Urban Housing Market. New York: National Bureau of Economic Research.
33. Thibodeau, Thomas G. (1989). "Housing Price Indexes from the 1974-83 SMSA Annual Housing Surveys," Journal of the American Real Estate and Urban Association 17, 100-117.
34. Thibodeau, Thomas G. (1992). Residential Real Estate Prices from the 1974-1983 Standard Metropolitan Statistical Area American Housing Survey. Mount Pleasant, MI: Blackstone Books: Studies in Urban and Resource Economics.
35. Thibodeau, Thomas G. (1996). "House Price Indices from the 1984-1992 MSA American Housing Surveys," Journal of Housing Research 6(3), 439-481.