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Some Thoughts on the Nature and Purpose of House Price Studies

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  • Duncan Maclennan

    (University of Aberdeen)

Abstract

The paper examines the implicit assumptions made in hedonic studies of urban house prices. It is apparent that the technique can only be applied to city wide cross section analysis when sample data is capable of meaningful disaggregation. Previous uses of the technique are examined and it is suggested that the methodology is inappropriate for testing hypotheses derived from spatial residential models. Possible avenues of development for house price research are outlined.

Suggested Citation

  • Duncan Maclennan, 1977. "Some Thoughts on the Nature and Purpose of House Price Studies," Urban Studies, Urban Studies Journal Limited, vol. 14(1), pages 59-71, February.
    • Handle: RePEc:sae:urbstu:v:14:y:1977:i:1:p:59-71
    DOI: 10.1080/00420987720080061
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    References listed on IDEAS

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    1. Robert Gillingham, 1975. "Place to Place Rent Comparisons," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 4, number 1, pages 153-178, National Bureau of Economic Research, Inc.
    2. Alan W. Evans, 1973. "The Economics of Residential Location," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-01889-5, March.
    3. Patricia F Apps, 1974. "An Approach to Urban Modelling and Evaluation a Residential Model: 3. Demand Equations for Housing Services," Environment and Planning A, , vol. 6(1), pages 11-31, February.
    4. Mahlon R. Straszheim, 1975. "An Econometric Analysis of the Urban Housing Market," NBER Books, National Bureau of Economic Research, Inc, number stra75-1.
    5. Kelvin Lancaster, 1975. "The Theory of Household Behavior: Some Foundations," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 4, number 1, pages 5-21, National Bureau of Economic Research, Inc.
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    Cited by:

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    2. Shaw, John Gordon, 1994. "Transit, Density, and Residential Satisfaction," University of California Transportation Center, Working Papers qt8xk3c9z7, University of California Transportation Center.
    3. Shaw, John G., 1994. "Transit, Density, and Residential Satisfaction," University of California Transportation Center, Working Papers qt5xs0r6vz, University of California Transportation Center.
    4. Füss, Roland & Koller, Jan A., 2016. "The role of spatial and temporal structure for residential rent predictions," International Journal of Forecasting, Elsevier, vol. 32(4), pages 1352-1368.
    5. Vicente Royuela & Miguel A. Vargas, 2009. "Defining Housing Market Areas Using Commuting and Migration Algorithms: Catalonia (Spain) as a Case Study," Urban Studies, Urban Studies Journal Limited, vol. 46(11), pages 2381-2398, October.
    6. Lefort, Fernando & Vargas, Miguel, 2011. "Tacit Collusion in the Santiago Housing Market," IDB Publications (Working Papers) 3396, Inter-American Development Bank.

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