A HEDONIC ANALYSIS OF LAND PRICES IN YAMANASHI PREFECTURE, JAPAN

Katsumi Andoh and Makoto Ohta

Review of Urban & Regional Development Studies, 1997, vol. 9, issue 2, 146-158

Abstract: This paper presents a hedonic analysis of residential land prices in Yamanashi Prefecture for the period 1985–1995. The main purpose is to divide Yamanashi Prefecture (including selected attached areas) into Tokyo†influenced and Kofu†influenced areas. This was accomplished by finding the minimum sum of squared residuals following two hedonic regressions. One regression uses access to Tokyo Station, the other access to Kofu Station. We find that the Tokyo†influenced area expanded during the period studied.

Date: 1997
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