• DOI:10.1016/J.REGSCIURBECO.2004.04.003
Corpus ID: 154767610

A unified convex-concave model of urban land values

@article{Ecker2005AUC,
  title={A unified convex-concave model of urban land values},
  author={M. Ecker and Hans R. Isakson},
  journal={Regional Science and Urban Economics},
  year={2005},
  volume={35},
  pages={265-277}
}

M. Ecker, Hans R. Isakson

Published 2005

Mathematics

Regional Science and Urban Economics

Abstract This study develops and fits a nonlinear, unified convex–concave model for land sales. The model's flexibility accommodates convexity for small parcels, concavity for large parcels, a non-deterministic change point while accounting for spatial correlation. All parameters are fit simultaneously from a Bayesian perspective using Markov Chain Monte Carlo techniques. Virtually all previous models for land sales are shown to be special cases of the unified model. The results indicate an 86… CONTINUE READING

View via Publisher

Save to Library

Create Alert

Cite

Launch Research Feed