Pub. Date:
Taylor & Francis
Valuing the Built Environment: GIS and House Price Analysis / Edition 1

Valuing the Built Environment: GIS and House Price Analysis / Edition 1

by Scott Orford
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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.

Product Details

ISBN-13: 9780754610120
Publisher: Taylor & Francis
Publication date: 08/01/1999
Series: GIS and House Price Analysis
Pages: 232
Product dimensions: 6.38(w) x 8.74(h) x 0.91(d)

Table of Contents

Contents: Introduction; The hedonic house price function; Housing attributes and Spatial data; Constructing a context-sensitive urban GIS; The Spatial dynamics of an urban housing market; Towards a valuation of locational externalities; Conclusion; Bibliography; Index.

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