Measuring the benefits of neighbourhood park amenities: Application and comparison of spatial hedonic approaches

Tadao Hoshino, Koichi Kuriyama*

*この研究の対応する著者

研究成果: Article査読

44 被引用数 (Scopus)

抄録

The hedonic price method was used to estimate the influence of parks on the rental prices of single-room dwellings in Setagaya Ward, Tokyo, Japan. A simple least squares method is not optimal when the data set contains spatial autocorrelation. To improve the accuracy of estimates, we employed spatial autoregression and kriging models, resulting in a higher validity of the spatial models compared to the least squares model. Kriging models were superior to others particularly in terms of prediction accuracy, indicating that these models should be employed if the objective is superior prediction rather than estimation. The results showed that the effect of parks on property values varied with the buffer distance and park size.

本文言語English
ページ(範囲)429-444
ページ数16
ジャーナルEnvironmental and Resource Economics
45
3
DOI
出版ステータスPublished - 2010 3月
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学
  • 管理、モニタリング、政策と法律

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