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Record W581623390

ASSESSING THE EFFECT OF ACCESSIBILITY TO AMENITIES IN THE LOCATION RENT SEARCHING FOR MARKET SEGMENTATION OF PREFERENCES

2010· preprint· en· W581623390 on OpenAlexaboutno aff
Marius Thriault, François Des Rosiers, Marion Voisin

Bibliographic record

VenueRePEc: Research Papers in Economics · 2010
Typepreprint
Languageen
FieldEconomics, Econometrics and Finance
TopicHousing Market and Economics
Canadian institutionsnot available
Fundersnot available
KeywordsAmenityCentralityEconometricsHedonic regressionValuation (finance)Metropolitan areaSpatial analysisOrdinary least squaresMarket segmentationWillingness to payQuantile regressionGeographyEconomicsStatisticsMicroeconomicsMathematics
DOInot available

Abstract

fetched live from OpenAlex

In previous research (ThÈriault et al., 2005 & 2007), we developed a novel approach for assessing centrality and accessibility to urban amenities distinguishing among city centre, labour market and other types of services, like schools, shopping centres, groceries and health facilities. Complementary indices for each type of amenity derived from suitable opportunity sets (based on willingness to travel thresholds) are integrated within a hedonic model of housing markets. Results are highly significant and permit in-depth comparison (and ordering) of the marginal value of accessibility (by car, bus and walking) to several types of amenity within an integrated hedonic framework, while controlling for multicollinearity related to urban form and transportation networks, using principal component analysis. However, there is remaining significant spatial autocorrelation among the model residuals. Thus, spatial drift is eventually harming the robustness of estimates of the coefficients and of their standard errors. The purpose of this paper is to explore ways to get rid of this spatial autocorrelation or, at least, to handle the spatial drift which could be present in the perception of accessibility (and its valuation) among buyers. Building on a comprehensive hedonic model using thousands of single-family house transactions made during the 1993-2004 period in the Quebec Metropolitan Area, this paper compares the efficiency of OLS (ordinary least square), SAR (spatial autoregression) and Quantile regression techniques for handling spatial autocorrelation in the hedonic model and, eventually, for identifying factors behind the spatial drift that could influence buyerís valuation of urban centrality and accessibility to amenities. Moreover, assessment of the marginal effects of market segmentation on the valuation of accessibility to specific amenities (e.g. schools versus labour market, schools versus shopping centres) provides bases for discussing spatial drift estimations in-line with urban economic theory.

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 machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.003
metaresearch head score (Gemma)0.012
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.050
Threshold uncertainty score0.100

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0030.012
Meta-epidemiology (narrow)0.0010.000
Meta-epidemiology (broad)0.0000.001
Bibliometrics0.0010.001
Science and technology studies0.0000.001
Scholarly communication0.0010.001
Open science0.0010.001
Research integrity0.0010.001
Insufficient payload (model declined to judge)0.0060.000

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 head0.075
GPT teacher head0.369
Teacher spread0.295 · 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 source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
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

Citations0
Published2010
Admission routes1
Has abstractyes

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