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Measuring the Determinants of Relative House Prices

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  • R K Wilkinson
  • Catherine A Archer

Abstract

A model of the determinants of relative house prices was formulated and used to obtain estimates of the importance of various aspects of the dwelling and its environment. Two estimation techniques were employed: multiple regression analysis and the method of principal components. The results of the two exercises are compared and the relative efficiency of the estimation techniques is assessed in relation to the problem of multicollinearity.

Suggested Citation

  • R K Wilkinson & Catherine A Archer, 1973. "Measuring the Determinants of Relative House Prices," Environment and Planning A, , vol. 5(3), pages 357-367, June.
    • Handle: RePEc:sae:envira:v:5:y:1973:i:3:p:357-367
    DOI: 10.1068/a050357
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    Cited by:

    1. Marco Aurelio Stumpf & Carlos Torres, 1997. "Estimación de Modelos de Precios Hedónicos para Alquileres Residenciales," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 34(101), pages 71-86.
    2. Arnab Bhattacharjee & Eduardo Castro & João Marques, 2012. "Spatial Interactions in Hedonic Pricing Models: The Urban Housing Market of Aveiro, Portugal," Spatial Economic Analysis, Taylor & Francis Journals, vol. 7(1), pages 133-167, March.

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