Real estate and land property automated valuation systems: A taxonomy and conceptual model

Brano Glumac and ROSIERS François Des

No 2018-09, LISER Working Paper Series from Luxembourg Institute of Socio-Economic Research (LISER)

Abstract: Automated valuation models have been in use at least for the last fifty years in both academia and practice, while a proper definition was coined only in the last decade. This could be mostly backed by the fact that research done on the automated valuation models is mostly empirical and evidently lacking a conceptual framework. This imply two-sided contribution of this paper, a taxonomy and a conceptual framework.

Keywords: automated valuation model; computer-assisted mass appraisal; real estate valuation decision support systems; automated valuation system; non-hierarchical taxonomy; conceptual model (search for similar items in EconPapers)
JEL-codes: C50 D46 G32 L85 O21 Q15 R15 R20 R30 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2018-04
New Economics Papers: this item is included in nep-ure
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Working Paper: Real estate and land property automated valuations systems: a taxonomy and conceptual model (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:irs:cepswp:2018-09

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