@article{Ko:207607,
      recid = {207607},
      author = {Ko, Kate},
      title = {Home Prices and Urban Corridors},
      address = {2009-03},
      number = {1429-2016-118633},
      pages = {20},
      year = {2009},
      abstract = {This paper describes a semiparametric procedure to recover  willingness to pay for housing and neighborhood attributes  using a hedonic pricing model that incorporates spatial  autocorrelation. To model taste heterogeneity, I estimate  consumer preferences from parcel-level attributes in the  form of household-specific random utility coefficients. The  application here provides a way to reconcile home prices  with the synergy created by the spatial dependence of  residential homes and urban corridors. Specifically, the  respective accessibility and nuisance effects of a  commercial, an industrial/ transportation, a recreational  corridor, and a highway, in Minneapolis are estimated.  Ultimately, this paper addresses the question of how  different types of households value different local  economic development and housing attributes.},
      url = {http://ageconsearch.umn.edu/record/207607},
      doi = {https://doi.org/10.22004/ag.econ.207607},
}