Zobrazit v EDS

Valuing access to urban greenspace using non-linear distance decay in hedonic property pricing

Uloženo v:
Podrobná bibliografie
Název: Valuing access to urban greenspace using non-linear distance decay in hedonic property pricing
Autoři: Łaszkiewicz, Edyta, Heyman, Axel, 1985, Chen, Xianwen, Cimburova, Zofie, Nowell, Megan, Barton, David N.
Zdroj: Ecosystem Services. 53
Témata: Urban planning, Urban ecosystem accounting, Hedonic pricing method (HPM), Urban ecosystem services valuation, Penalized spline spatial error model (PS-SEM), Environmental justice
Popis: Modelling walking distance enables the observation of non-linearities in hedonic property pricing of accessibility to greenspace. We test a penalized spline spatial error model (PS-SEM), which has two distinctive features. First, the PS-SEM controls for the presence of a spatially autocorrelated error term. Second, the PS-SEM allows for continuous non-linear distance decay of the property price premium as a function of walking distance to greenspaces. As a result, compared with traditional spatial econometric methods, the PS-SEM has the advantage that data determines the functional form of the distance decay of the implicit price for greenspace accessibility. Our PS-SEM results from Oslo, Norway, suggest that the implicit price for greenspace access is highly non-linear in walking distance, with the functional form varying for different types of greenspaces. Our results caution against using simple linear distances and assumptions of log or stepwise buffer-based distance decay in property prices relative to pedestrian network distance to urban amenities. The observed heterogeneity in the implicit property prices for walking distance to greenspace also provides a general caution against using non-spatial hedonic pricing models when aggregating values of greenspace amenities for policy analysis or urban ecosystem accounting purposes.
Popis souboru: electronic
Přístupová URL adresa: https://research.chalmers.se/publication/528221
https://research.chalmers.se/publication/528221/file/528221_Fulltext.pdf
Databáze: SwePub
FullText Text:
  Availability: 0
CustomLinks:
  – Url: https://research.chalmers.se/publication/528221#
    Name: EDS - SwePub (s4221598)
    Category: fullText
    Text: View record in SwePub
  – Url: https://resolver.ebscohost.com/openurl?sid=EBSCO:edsswe&genre=article&issn=22120416&ISBN=&volume=53&issue=&date=20220101&spage=&pages=&title=Ecosystem Services&atitle=Valuing%20access%20to%20urban%20greenspace%20using%20non-linear%20distance%20decay%20in%20hedonic%20property%20pricing&aulast=%C5%81aszkiewicz%2C%20Edyta&id=DOI:10.1016/j.ecoser.2021.101394
    Name: Full Text Finder
    Category: fullText
    Text: Full Text Finder
    Icon: https://imageserver.ebscohost.com/branding/images/FTF.gif
    MouseOverText: Full Text Finder
  – Url: https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=EBSCO&SrcAuth=EBSCO&DestApp=WOS&ServiceName=TransferToWoS&DestLinkType=GeneralSearchSummary&Func=Links&author=%C5%81aszkiewicz%20E
    Name: ISI
    Category: fullText
    Text: Nájsť tento článok vo Web of Science
    Icon: https://imagesrvr.epnet.com/ls/20docs.gif
    MouseOverText: Nájsť tento článok vo Web of Science
Header DbId: edsswe
DbLabel: SwePub
An: edsswe.oai.research.chalmers.se.6bba0cfe.d9f4.4c96.b170.b2aebe93ac8c
RelevancyScore: 961
AccessLevel: 6
PubType: Academic Journal
PubTypeId: academicJournal
PreciseRelevancyScore: 961.017700195313
IllustrationInfo
Items – Name: Title
  Label: Title
  Group: Ti
  Data: Valuing access to urban greenspace using non-linear distance decay in hedonic property pricing
– Name: Author
  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22Łaszkiewicz%2C+Edyta%22">Łaszkiewicz, Edyta</searchLink><br /><searchLink fieldCode="AR" term="%22Heyman%2C+Axel%22">Heyman, Axel</searchLink>, 1985<br /><searchLink fieldCode="AR" term="%22Chen%2C+Xianwen%22">Chen, Xianwen</searchLink><br /><searchLink fieldCode="AR" term="%22Cimburova%2C+Zofie%22">Cimburova, Zofie</searchLink><br /><searchLink fieldCode="AR" term="%22Nowell%2C+Megan%22">Nowell, Megan</searchLink><br /><searchLink fieldCode="AR" term="%22Barton%2C+David+N%2E%22">Barton, David N.</searchLink>
– Name: TitleSource
  Label: Source
  Group: Src
  Data: <i>Ecosystem Services</i>. 53
– Name: Subject
  Label: Subject Terms
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22Urban+planning%22">Urban planning</searchLink><br /><searchLink fieldCode="DE" term="%22Urban+ecosystem+accounting%22">Urban ecosystem accounting</searchLink><br /><searchLink fieldCode="DE" term="%22Hedonic+pricing+method+%28HPM%29%22">Hedonic pricing method (HPM)</searchLink><br /><searchLink fieldCode="DE" term="%22Urban+ecosystem+services+valuation%22">Urban ecosystem services valuation</searchLink><br /><searchLink fieldCode="DE" term="%22Penalized+spline+spatial+error+model+%28PS-SEM%29%22">Penalized spline spatial error model (PS-SEM)</searchLink><br /><searchLink fieldCode="DE" term="%22Environmental+justice%22">Environmental justice</searchLink>
– Name: Abstract
  Label: Description
  Group: Ab
  Data: Modelling walking distance enables the observation of non-linearities in hedonic property pricing of accessibility to greenspace. We test a penalized spline spatial error model (PS-SEM), which has two distinctive features. First, the PS-SEM controls for the presence of a spatially autocorrelated error term. Second, the PS-SEM allows for continuous non-linear distance decay of the property price premium as a function of walking distance to greenspaces. As a result, compared with traditional spatial econometric methods, the PS-SEM has the advantage that data determines the functional form of the distance decay of the implicit price for greenspace accessibility. Our PS-SEM results from Oslo, Norway, suggest that the implicit price for greenspace access is highly non-linear in walking distance, with the functional form varying for different types of greenspaces. Our results caution against using simple linear distances and assumptions of log or stepwise buffer-based distance decay in property prices relative to pedestrian network distance to urban amenities. The observed heterogeneity in the implicit property prices for walking distance to greenspace also provides a general caution against using non-spatial hedonic pricing models when aggregating values of greenspace amenities for policy analysis or urban ecosystem accounting purposes.
– Name: Format
  Label: File Description
  Group: SrcInfo
  Data: electronic
– Name: URL
  Label: Access URL
  Group: URL
  Data: <link linkTarget="URL" linkTerm="https://research.chalmers.se/publication/528221" linkWindow="_blank">https://research.chalmers.se/publication/528221</link><br /><link linkTarget="URL" linkTerm="https://research.chalmers.se/publication/528221/file/528221_Fulltext.pdf" linkWindow="_blank">https://research.chalmers.se/publication/528221/file/528221_Fulltext.pdf</link>
PLink https://erproxy.cvtisr.sk/sfx/access?url=https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsswe&AN=edsswe.oai.research.chalmers.se.6bba0cfe.d9f4.4c96.b170.b2aebe93ac8c
RecordInfo BibRecord:
  BibEntity:
    Identifiers:
      – Type: doi
        Value: 10.1016/j.ecoser.2021.101394
    Languages:
      – Text: English
    Subjects:
      – SubjectFull: Urban planning
        Type: general
      – SubjectFull: Urban ecosystem accounting
        Type: general
      – SubjectFull: Hedonic pricing method (HPM)
        Type: general
      – SubjectFull: Urban ecosystem services valuation
        Type: general
      – SubjectFull: Penalized spline spatial error model (PS-SEM)
        Type: general
      – SubjectFull: Environmental justice
        Type: general
    Titles:
      – TitleFull: Valuing access to urban greenspace using non-linear distance decay in hedonic property pricing
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: Łaszkiewicz, Edyta
      – PersonEntity:
          Name:
            NameFull: Heyman, Axel
      – PersonEntity:
          Name:
            NameFull: Chen, Xianwen
      – PersonEntity:
          Name:
            NameFull: Cimburova, Zofie
      – PersonEntity:
          Name:
            NameFull: Nowell, Megan
      – PersonEntity:
          Name:
            NameFull: Barton, David N.
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 01
              M: 01
              Type: published
              Y: 2022
          Identifiers:
            – Type: issn-print
              Value: 22120416
            – Type: issn-locals
              Value: SWEPUB_FREE
            – Type: issn-locals
              Value: CTH_SWEPUB
          Numbering:
            – Type: volume
              Value: 53
          Titles:
            – TitleFull: Ecosystem Services
              Type: main
ResultId 1