| The Journal of Real Estate Finance and Economics | |
| Volume 22, Issue 2&3, Article 6 (Abstract) | |
| Title: | The Use of Census Data for Hedonic Price Estimates of Open Space Amenities and Land Use |
| Author: | Steven D. Shultz and David A. King |
| Abstract: | Hedonic price models for determining marginal implicit prices of open space amenities and non-residential land use were estimated using housing data from the census. Alternative model specifications were compared in order to evaluate the effects of aggregating land use data by alternative levels of census geography as well as the use of different sample sizes of census blocks. It was determined that land use is best aggregated at the block group level and that entire populations or very large sample sizes of census blocks should be used with hedonic models. |
| Keywords: | Hedonic Valuation Method (HVM), Open Space Amenities, Land Use, Census Data |