HEDONIC ANALYSIS OVER TIME AND SPACE: THE CASE OF HOUSE PRICES AND TRAFFIC NOISE.
ABSTRACT One consequence of the expanding road network and its associated traffic is increased levels of traffic noise. While the hedonic literature has consistently found a negative relationship between real estate prices and noise levels, research in the United States has typically relied on crude...
| Publicado en: | Journal of Regional Science Vol. 55; no. 4; pp. 644 - 671 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Wiley-Blackwell
Sep2015
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=109324710&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 109324710 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00224146 RSC jtl: Journal of Regional Science issn: 00224146 maglogo: Y pubinfo: dt: Sep2015 vid: 55 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 109324710 10.1111/jors.12187 ppf: 644 ppct: 27 formats: tig: atl: HEDONIC ANALYSIS OVER TIME AND SPACE: THE CASE OF HOUSE PRICES AND TRAFFIC NOISE. aug: au: Swoboda, Aaron Nega, Tsegaye Timm, Maxwell affil: Department of Economics, Carleton College, One North College St, Northfield, MN 55057 Environmental Studies Program, Carleton College, One North College St, Northfield MN 55057 Department of Economics, Carleton College, One North College St, Northfield MN 55057 su: Saint Paul (Minn.) Hedonistic consumption Spacetime Home sales Traffic noise Real estate development Measurement errors Regression analysis sug: subj: Hedonistic consumption Saint Paul (Minn.) Spacetime Home sales Traffic noise Real estate development Measurement errors Regression analysis ab: ABSTRACT One consequence of the expanding road network and its associated traffic is increased levels of traffic noise. While the hedonic literature has consistently found a negative relationship between real estate prices and noise levels, research in the United States has typically relied on crude measures of traffic noise. Here, we reduce the measurement error of traffic noise exposure through a detailed model of noise propagation over the landscape. We then estimate the hedonic relationship between noise and single family house prices using over 40,000 transactions throughout the St. Paul, Minnesota, urban area from 2005 to 2010. We implement spatially and temporally flexible local regression techniques and find significant nonstationarity in the hedonic function over time and space. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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