Valuing the Built Environment - GIS and House Price Analysis (Paperback)

This book critically assesses the hedonic pricing technique as a method of imputing monetary values for the implicit attributes of housing. The hedonic technique is widely used, particularly in the US, but increasingly in Europe and Asia and has proved to yield important results and influence cost-benefit analysis. Scott Orford breaks new ground in this volume by exploring hedonic house price models within a geographical rather than purely economic context. He reevaluates the microeconomic theory of housing markets and concludes that only by treating housing market dynamics as inherently spatial can empirical results conform to the theory that underpins them. He also makes conclusions with respect to locational externalities, which have important implications as to how the built environment is valued.

General

Imprint:	Routledge
Country of origin:	United Kingdom
Release date:	September 2017
First published:	1999
Authors:	Scott Orford
Format:	Paperback
Pages:	232
ISBN-13:	978-1-138-26369-7
Categories:	Books > Business & Economics > Economics > General Books > Social sciences > Sociology, social studies > Social institutions > General Books > Social sciences > Sociology, social studies > Social issues > General Books > Business & Economics > Business & management > Ownership & organization of enterprises > General Books > Earth & environment > Geography > Human geography > General
LSN:	1-138-26369-9
Barcode:	9781138263697

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