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Record W1484508018 · doi:10.1111/cjag.12052

Hedonic Valuation in an Urban High‐Rise Housing Market

2014· article· en· W1484508018 on OpenAlexvenueno aff
Lu Liu, Paul M. Jakus

Bibliographic record

VenueCanadian Journal of Agricultural Economics/Revue canadienne d agroeconomie · 2014
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicHousing Market and Economics
Canadian institutionsnot available
FundersFundamental Research Funds for the Central UniversitiesUtah Agricultural Experiment Station
KeywordsApartmentValuation (finance)Dimension (graph theory)High riseEconometricsEconomicsMarket valueEconomic geographyMathematicsFinanceEngineeringCivil engineering

Abstract

fetched live from OpenAlex

This study estimates the effect of spatial heterogeneity and housing‐unit attributes on the value of apartment housing in a densely urban Chinese housing market. This paper contributes to the literature in two ways. First, high‐rise housing complexes present complications in that the vertical dimension is important in purchase decisions—yet the spatial econometric literature has focused exclusively on two dimensions. We introduce a three‐dimensional (3‐D) spatial weights matrix to capture the potential for “within project” correlation among housing units located on different floors within a project. Second, a significant proportion of the world's population lives in urban high‐rise buildings but the literature has, for the most part, completely ignored such markets. Test statistics support the use of a 3‐D weight matrix; our application of the hedonic methodology to a dense, vertical housing market shows that it can be used to value amenities located within or adjacent to housing complex amenities. In our empirical example, though, we observe little difference in marginal valuation of amenities under a 3‐D weight matrix relative to a standard 2‐D weight matrix.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesMeta-epidemiology (narrow)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.744
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0020.000
Meta-epidemiology (narrow)0.0000.001
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0010.000
Science and technology studies0.0000.000
Scholarly communication0.0000.002
Open science0.0010.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0010.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.027
GPT teacher head0.165
Teacher spread0.138 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations12
Published2014
Admission routes1
Has abstractyes

Explore more

Same venueCanadian Journal of Agricultural Economics/Revue canadienne d agroeconomieSame topicHousing Market and EconomicsFrench-language works237,207