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Who was first? An examination of an early hedonic study
G. C. Haas produced a hedonic study more than 15 years prior to A. T. Court who first published the term hedonics. Haas's application was to agricultural land prices with a particular focus onExpand
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The Impact of Environmental Contamination on Condo Prices: A Hybrid Repeat-Sale/Hedonic Approach
We extend the literature on the impact of externalities using an approach based on a hybrid of hedonic and repeat-sales methods. The externality in question is groundwater contamination inExpand
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Office Rent in the Chicago CBD
This study focuses on the Chicago CBD office market, an important market at the local, regional, national and international levels. The purpose of this study is to develop a hedonic regression modelExpand
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The Structure of Urban Land Prices
Recognition of the existence of nonlinear land prices has an impact on the measurement of the rate at which land price declines with distance from the urban center. It is hypothesized that concaveExpand
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Seasonality and size effects: The case of real-estate-related investment
This article documents that the well-known size-related seasonality effects exist in real-estate-related investments. The average return on REITs in January is higher than that in any other monthExpand
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A Primer on Piecewise Parabolic Multiple Regression Analysis via Estimations of Chicago CBD Land Prices
This article proposes a non-parametric method for estimating spatial price functions. Space is divided into squares. The independent variables are barycentric coordinates that uniquely describe theExpand
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Land Prices and Land Assembly in the CBD
There is substantial empirical evidence of price concavity in the parcel-size dimension across land-use types and across urban regions. This article examines the degree to which concavity variesExpand
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A Comparison of Real Estate Marketing Systems: Theory and Evidence
The objective of this paper is twofold. One is to provide a search-theoretical model of the marketing choice of the seller. The model explains the seemingly contradictory empirical results as toExpand
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  • PDF
Chicago's Office Market: Price Indices, Location and Time
Conventional wisdom holds that overbuilding and high vacancy, coupled with curtailed tax benefits, have led to reduced office property values since the late 1980s. Yet assertions that office realExpand
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Bargaining Strength and Property Class in Office Markets
This paper examines the influence of bargaining power and property class on the prices of heterogeneous goods. Specifically, it explores the impact of buyer and seller characteristics on theExpand
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