Hedonic analysis in a spatial context: theoretical problems in valuing location-specific amenities

Philip Graves () and Thomas A. Knapp

MPRA Paper from University Library of Munich, Germany

Abstract: Hedonic analysis is frequently implemented to generate implicit prices for location-specific amenities within single markets, either in cross-city wage differentials or within-city rent gradients. Amenities are shown to be generally priced in both land and labor markets, with single market valuations tending to understate true amenity values. Establishing a correct multi-market amenity valuation model is seen to depend on the resolution of a host of additional issues.

Keywords: Amenities; hedonic models; wage differentials; property value differentials; spatial modeling (search for similar items in EconPapers)
JEL-codes: A1 C31 D1 J31 J61 N5 (search for similar items in EconPapers)
Date: 1985-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/19902/1/MPRA_paper_19902.pdf original version (application/pdf)

Related works:
Journal Article: Hedonic Analysis in a Spatial Context: Theoretical Problems in Valuing Location‐Specific Amenities (1985)
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:pra:mprapa:19902

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().