Published July 1980
| public
Journal Article
The effects of nonresidential land uses on the prices of adjacent housing: Some estimates of proximity effects
- Creators
- Grether, David M.
- Mieszkowski, Peter
Abstract
This paper reports the results of 16 market experiments designed to produce measures of the effects of nonresidential land uses on the prices of nearby dwellings. Each experiment consists of a sample of home sales in a homogeneous neighborhood located near a single nonresidential land use, e.g., industry, commercial, high-density dwellings, and highways. The data consist of price, physical characteristics of the dwelling, distance from the nonresidential use, and the date of sale for each transaction. Hedonic price indices are estimated and the significance of the distance effects assessed. No systematic relationship between nonresidential land use per se and housing prices is found.
Additional Information
© 1980 Academic Press, Inc. Received 25 April 1978, Revised 6 September 1978. We wish to thank Richard De Bus and Young-il Choo for their assistance with the computations. All computations were performed at the Booth Computing Center at California Institute of Technology. Support of the National Science Foundation is gratefully acknowledged. Formerly SSWP 163.Additional details
- Eprint ID
- 83668
- DOI
- 10.1016/0094-1190(80)90052-2
- Resolver ID
- CaltechAUTHORS:20171204-143848106
- NSF
- Created
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2018-01-02Created from EPrint's datestamp field
- Updated
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2021-11-15Created from EPrint's last_modified field