SUBDIVISION SPECIFIC AMENITIES AND RESIDENTIAL PROPERTY VALUES

Shaikh Mahfuzur Rahman and Ian W. Hardie

No 20270, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A hedonic property value model, derived from a dynamic game theoretic framework, is estimated using data obtained for 211 subdivisions including 4628 building lots in five Maryland counties. Linear Box-Cox estimation results show that variables measuring subdivision specific amenities significantly affect residential property values, and omission of such variables produces biased coefficient estimates.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 22
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:20270

DOI: 10.22004/ag.econ.20270

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