EconPapers    
Economics at your fingertips  
 

Parcel Size and Land Value: A Comparison of Approaches

Karl L. Guntermann (), Alex Horenstein (), Federico Nardari () and Gareth Thomas ()
Additional contact information
Karl L. Guntermann: Arizona State University
Federico Nardari: University of Houston
Gareth Thomas: Quantitative Micro Software

Journal of Real Estate Research, 2015, vol. 37, issue 2, 281-320

Abstract: The analysis presented here uses simulated and real data sets to investigate the relative merits of parametric, semi- parametric and Bayesian methods in testing for the co-existence of plottage and plattage and in identifying the inflection point. Using artificial datasets generated with spatial correlation, inflection points at alternative locations over the range of sample sizes, different sample sizes and varying the relative quantities of small vs. large parcels, we find that the Bayesian approach method generally dominates the semi-parametric one. In turn, these two methods strictly dominate the parametric one.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://pages.jh.edu/jrer/papers/pdf/past/vol37n02/9842-05.281_320.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jre:issued:v:37:n:2:2015:p:281-320

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://pages.jh.edu/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is currently edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323.
Bibliographic data for series maintained by JRER Graduate Assistant/Webmaster ().

 
Page updated 2021-10-09
Handle: RePEc:jre:issued:v:37:n:2:2015:p:281-320