Author : Hua Kiefer
Release : 2007
Genre :
Kind : eBook
Book Rating : 957/5 ( reviews)

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Book Synopsis Essays on Applied Spatial Econometrics and Housing Economics by : Hua Kiefer

Download or read book Essays on Applied Spatial Econometrics and Housing Economics written by Hua Kiefer. This book was released on 2007. Available in PDF, EPUB and Kindle. Book excerpt: Housing purchase represents one of a household's most significant economic decisions. The ancient joke in real estate is that the three most important criteria for selecting a house are location, location, and location. This explains the great emphasis of a household on residential location choice when he/she is buying a home. Driven by households' demand on location, it should also play an important role in determining house prices. As a key determinant in household consumption behavior, locational context or neighborhood effects is worth investigation. This dissertation examines locational/neighborhood effects in the housing market using spatial econometric methods.