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The effects of nonresidential land uses on the prices of adjacent housing: Some estimates of proximity effects

Grether, David M. and Mieszkowski, Peter (1980) The effects of nonresidential land uses on the prices of adjacent housing: Some estimates of proximity effects. Journal of Urban Economics, 8 (1). pp. 1-15. ISSN 0094-1190. doi:10.1016/0094-1190(80)90052-2. https://resolver.caltech.edu/CaltechAUTHORS:20171204-143848106

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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.


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https://doi.org/10.1016/0094-1190(80)90052-2DOIArticle
http://www.sciencedirect.com/science/article/pii/0094119080900522PublisherArticle
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.
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Issue or Number:1
DOI:10.1016/0094-1190(80)90052-2
Record Number:CaltechAUTHORS:20171204-143848106
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20171204-143848106
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:83668
Collection:CaltechAUTHORS
Deposited By: Jacquelyn Bussone
Deposited On:02 Jan 2018 23:40
Last Modified:15 Nov 2021 20:13

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