Essays on Applied Spatial Econometrics and Housing Economics

Download or read book Essays on Applied Spatial Econometrics and Housing Economics written by Hua Kiefer and published by . This book was released on 2007 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Housing purchase represents one of a household's most significant economic decisions. The ancient joke in real estate is that the three most important criteria for selecting a house are location, location, and location. This explains the great emphasis of a household on residential location choice when he/she is buying a home. Driven by households' demand on location, it should also play an important role in determining house prices. As a key determinant in household consumption behavior, locational context or neighborhood effects is worth investigation. This dissertation examines locational/neighborhood effects in the housing market using spatial econometric methods.