% ============================================================================
% References — UQO Working Paper No. 16 (revised 2026-10-17; all entries verified
% against Crossref / publisher pages, DOIs recorded where they exist)
% ============================================================================

% ---------------------------------------------------------------- standards and books
@book{appraisal2020,
  author    = {{Appraisal Institute}},
  title     = {The Appraisal of Real Estate},
  edition   = {15th},
  publisher = {Appraisal Institute},
  address   = {Chicago},
  year      = {2020}
}

@techreport{iaao2017,
  author      = {{International Association of Assessing Officers}},
  title       = {Standard on Mass Appraisal of Real Property},
  institution = {IAAO},
  address     = {Kansas City},
  year        = {2017}
}

@techreport{iaao2018,
  author      = {{International Association of Assessing Officers}},
  title       = {Standard on Automated Valuation Models ({AVM}s)},
  institution = {IAAO},
  address     = {Kansas City},
  year        = {2018}
}

@book{gloudemans1999,
  author    = {Gloudemans, Robert J.},
  title     = {Mass Appraisal of Real Property},
  publisher = {International Association of Assessing Officers},
  address   = {Chicago},
  year      = {1999}
}

% ---------------------------------------------------------------- the sales comparison approach as an estimator
@article{colwell1983,
  author  = {Colwell, Peter F. and Cannaday, Roger E. and Wu, Chunchi},
  title   = {The Analytical Foundations of Adjustment Grid Methods},
  journal = {Real Estate Economics},
  volume  = {11},
  number  = {1},
  pages   = {11--29},
  year    = {1983},
  doi     = {10.1111/1540-6229.00277}
}

@article{cannaday1986,
  author  = {Cannaday, Roger E. and Sunderman, Mark A.},
  title   = {Estimation of Depreciation for Single-Family Appraisals},
  journal = {Real Estate Economics},
  volume  = {14},
  number  = {2},
  pages   = {255--273},
  year    = {1986},
  doi     = {10.1111/1540-6229.00386}
}

@article{isakson1986,
  author  = {Isakson, Hans R.},
  title   = {The Nearest Neighbors Appraisal Technique: An Alternative to the Adjustment Grid Methods},
  journal = {Real Estate Economics},
  volume  = {14},
  number  = {2},
  pages   = {274--286},
  year    = {1986},
  doi     = {10.1111/1540-6229.00387}
}

@article{isakson1988,
  author  = {Isakson, Hans R.},
  title   = {Valuation Analysis of Commercial Real Estate Using the Nearest Neighbors Appraisal Technique},
  journal = {Growth and Change},
  volume  = {19},
  number  = {2},
  pages   = {11--24},
  year    = {1988},
  doi     = {10.1111/j.1468-2257.1988.tb00466.x}
}

@article{lipscomb1990,
  author  = {Lipscomb, Joseph B. and Gray, J. Brian},
  title   = {An Empirical Investigation of Four Market-Derived Adjustment Methods},
  journal = {Journal of Real Estate Research},
  volume  = {5},
  number  = {1},
  pages   = {53--66},
  year    = {1990},
  doi     = {10.1080/10835547.1990.12090602}
}

@article{vandell1991,
  author  = {Vandell, Kerry D.},
  title   = {Optimal Comparable Selection and Weighting in Real Property Valuation},
  journal = {Real Estate Economics},
  volume  = {19},
  number  = {2},
  pages   = {213--239},
  year    = {1991},
  doi     = {10.1111/1540-6229.00550}
}

@article{kang1991,
  author  = {Kang, Han-Bin and Reichert, Alan K.},
  title   = {An Empirical Analysis of Hedonic Regression and Grid-Adjustment Techniques in Real Estate Appraisal},
  journal = {Real Estate Economics},
  volume  = {19},
  number  = {1},
  pages   = {70--91},
  year    = {1991},
  doi     = {10.1111/1540-6229.00541}
}

@article{quan1991,
  author  = {Quan, Daniel C. and Quigley, John M.},
  title   = {Price Formation and the Appraisal Function in Real Estate Markets},
  journal = {Journal of Real Estate Finance and Economics},
  volume  = {4},
  number  = {2},
  pages   = {127--146},
  year    = {1991},
  doi     = {10.1007/BF00173120}
}

@article{gau1992,
  author  = {Gau, George W. and Lai, Tsong-Yue and Wang, Ko},
  title   = {Optimal Comparable Selection and Weighting in Real Property Valuation: An Extension},
  journal = {Real Estate Economics},
  volume  = {20},
  number  = {1},
  pages   = {107--123},
  year    = {1992},
  doi     = {10.1111/1540-6229.00574}
}

@article{green1994,
  author  = {Green, Richard K.},
  title   = {Optimal Comparable Weighting and Selection: A Comment},
  journal = {Real Estate Economics},
  volume  = {22},
  number  = {4},
  pages   = {647--654},
  year    = {1994},
  doi     = {10.1111/1540-6229.00653}
}

@article{gau1994,
  author  = {Gau, George W. and Lai, Tsong-Yue and Wang, Ko},
  title   = {A Further Discussion of Optimal Comparable Selection and Weighting, and a Response to {Green}},
  journal = {Real Estate Economics},
  volume  = {22},
  number  = {4},
  pages   = {655--663},
  year    = {1994},
  doi     = {10.1111/1540-6229.00654}
}

@article{pace1996,
  author  = {Pace, R. Kelley},
  title   = {Relative Performance of the Grid, Nearest Neighbor, and {OLS} Estimators},
  journal = {Journal of Real Estate Finance and Economics},
  volume  = {13},
  number  = {3},
  pages   = {203--218},
  year    = {1996},
  doi     = {10.1007/BF00217391}
}

@article{epley1997,
  author  = {Epley, Donald R.},
  title   = {A Note on the Optimal Selection and Weighting of Comparable Properties},
  journal = {Journal of Real Estate Research},
  volume  = {14},
  number  = {2},
  pages   = {175--182},
  year    = {1997},
  doi     = {10.1080/10835547.1997.12090895}
}

@article{pace1997,
  author  = {Pace, R. Kelley and Gilley, Otis W.},
  title   = {Using the Spatial Configuration of the Data to Improve Estimation},
  journal = {Journal of Real Estate Finance and Economics},
  volume  = {14},
  number  = {3},
  pages   = {333--340},
  year    = {1997},
  doi     = {10.1023/A:1007762613901}
}

@article{pace1998,
  author  = {Pace, R. Kelley},
  title   = {Appraisal Using Generalized Additive Models},
  journal = {Journal of Real Estate Research},
  volume  = {15},
  number  = {1},
  pages   = {77--99},
  year    = {1998},
  doi     = {10.1080/10835547.1998.12090916}
}

@article{pacegilley1998,
  author  = {Pace, R. Kelley and Gilley, Otis W.},
  title   = {Generalizing the {OLS} and Grid Estimators},
  journal = {Real Estate Economics},
  volume  = {26},
  number  = {2},
  pages   = {331--347},
  year    = {1998},
  doi     = {10.1111/1540-6229.00748}
}

@article{lentz1998,
  author  = {Lentz, George H. and Wang, Ko},
  title   = {Residential Appraisal and the Lending Process: A Survey of Issues},
  journal = {Journal of Real Estate Research},
  volume  = {15},
  number  = {1},
  pages   = {11--39},
  year    = {1998},
  doi     = {10.1080/10835547.1998.12090912}
}

@article{isakson2002,
  author  = {Isakson, Hans R.},
  title   = {The Linear Algebra of the Sales Comparison Approach},
  journal = {Journal of Real Estate Research},
  volume  = {24},
  number  = {2},
  pages   = {117--128},
  year    = {2002},
  doi     = {10.1080/10835547.2002.12091090}
}

@article{lai2008,
  author  = {Lai, Tsong-Yue and Vandell, Kerry and Wang, Ko and Welke, Gerd},
  title   = {Estimating Property Values by Replication: An Alternative to the Traditional Grid and Regression Methods},
  journal = {Journal of Real Estate Research},
  volume  = {30},
  number  = {4},
  pages   = {441--460},
  year    = {2008},
  doi     = {10.1080/10835547.2008.12091226}
}

% ---------------------------------------------------------------- hedonic theory, indices and the assessed value
@article{rosen1974,
  author  = {Rosen, Sherwin},
  title   = {Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition},
  journal = {Journal of Political Economy},
  volume  = {82},
  number  = {1},
  pages   = {34--55},
  year    = {1974},
  doi     = {10.1086/260169}
}

@article{bailey1963,
  author  = {Bailey, Martin J. and Muth, Richard F. and Nourse, Hugh O.},
  title   = {A Regression Method for Real Estate Price Index Construction},
  journal = {Journal of the American Statistical Association},
  volume  = {58},
  number  = {304},
  pages   = {933--942},
  year    = {1963},
  doi     = {10.1080/01621459.1963.10480679}
}

@article{case1989,
  author  = {Case, Karl E. and Shiller, Robert J.},
  title   = {The Efficiency of the Market for Single-Family Homes},
  journal = {American Economic Review},
  volume  = {79},
  number  = {1},
  pages   = {125--137},
  year    = {1989}
}

@article{clapp1992,
  author  = {Clapp, John M. and Giaccotto, Carmelo},
  title   = {Estimating Price Indices for Residential Property: A Comparison of Repeat Sales and Assessed Value Methods},
  journal = {Journal of the American Statistical Association},
  volume  = {87},
  number  = {418},
  pages   = {300--306},
  year    = {1992},
  doi     = {10.1080/01621459.1992.10475209}
}

@article{thibodeau2003,
  author  = {Thibodeau, Thomas G.},
  title   = {Marking Single-Family Property Values to Market},
  journal = {Real Estate Economics},
  volume  = {31},
  number  = {1},
  pages   = {1--22},
  year    = {2003},
  doi     = {10.1111/j.1080-8620.2003.00055.x}
}

@article{clapham2006,
  author  = {Clapham, Eric and Englund, Peter and Quigley, John M. and Redfearn, Christian L.},
  title   = {Revisiting the Past and Settling the Score: Index Revision for House Price Derivatives},
  journal = {Real Estate Economics},
  volume  = {34},
  number  = {2},
  pages   = {275--302},
  year    = {2006},
  doi     = {10.1111/j.1540-6229.2006.00167.x}
}

@article{hill2013,
  author  = {Hill, Robert J.},
  title   = {Hedonic Price Indexes for Residential Housing: A Survey, Evaluation and Taxonomy},
  journal = {Journal of Economic Surveys},
  volume  = {27},
  number  = {5},
  pages   = {879--914},
  year    = {2013},
  doi     = {10.1111/j.1467-6419.2012.00731.x}
}

@article{hillscholz2018,
  author  = {Hill, Robert J. and Scholz, Michael},
  title   = {Can Geospatial Data Improve House Price Indexes? {A} Hedonic Imputation Approach with Splines},
  journal = {Review of Income and Wealth},
  volume  = {64},
  number  = {4},
  pages   = {737--756},
  year    = {2018},
  doi     = {10.1111/roiw.12303}
}

@article{ngai2014,
  author  = {Ngai, L. Rachel and Tenreyro, Silvana},
  title   = {Hot and Cold Seasons in the Housing Market},
  journal = {American Economic Review},
  volume  = {104},
  number  = {12},
  pages   = {3991--4026},
  year    = {2014},
  doi     = {10.1257/aer.104.12.3991}
}

% ---------------------------------------------------------------- spatial dependence, submarkets and local estimation
@article{desrosiers2000,
  author  = {{Des Rosiers}, Fran{\c{c}}ois and Th{\'e}riault, Marius and Villeneuve, Paul-Y.},
  title   = {Sorting out Access and Neighbourhood Factors in Hedonic Price Modelling},
  journal = {Journal of Property Investment \& Finance},
  volume  = {18},
  number  = {3},
  pages   = {291--315},
  year    = {2000},
  doi     = {10.1108/14635780010338245}
}

@article{bourassa2003,
  author  = {Bourassa, Steven C. and Hoesli, Martin and Peng, Vincent S.},
  title   = {Do Housing Submarkets Really Matter?},
  journal = {Journal of Housing Economics},
  volume  = {12},
  number  = {1},
  pages   = {12--28},
  year    = {2003},
  doi     = {10.1016/S1051-1377(03)00003-2}
}

@article{goodman2003,
  author  = {Goodman, Allen C. and Thibodeau, Thomas G.},
  title   = {Housing Market Segmentation and Hedonic Prediction Accuracy},
  journal = {Journal of Housing Economics},
  volume  = {12},
  number  = {3},
  pages   = {181--201},
  year    = {2003},
  doi     = {10.1016/S1051-1377(03)00031-7}
}

@article{case2004,
  author  = {Case, Bradford and Clapp, John and Dubin, Robin and Rodriguez, Mauricio},
  title   = {Modeling Spatial and Temporal House Price Patterns: A Comparison of Four Models},
  journal = {Journal of Real Estate Finance and Economics},
  volume  = {29},
  number  = {2},
  pages   = {167--191},
  year    = {2004},
  doi     = {10.1023/B:REAL.0000035309.60607.53}
}

@article{bourassa2007,
  author  = {Bourassa, Steven C. and Cantoni, Eva and Hoesli, Martin},
  title   = {Spatial Dependence, Housing Submarkets, and House Price Prediction},
  journal = {Journal of Real Estate Finance and Economics},
  volume  = {35},
  number  = {2},
  pages   = {143--160},
  year    = {2007},
  doi     = {10.1007/s11146-007-9036-8}
}

@article{bourassa2010,
  author  = {Bourassa, Steven C. and Cantoni, Eva and Hoesli, Martin},
  title   = {Predicting House Prices with Spatial Dependence: A Comparison of Alternative Methods},
  journal = {Journal of Real Estate Research},
  volume  = {32},
  number  = {2},
  pages   = {139--160},
  year    = {2010},
  doi     = {10.1080/10835547.2010.12091276}
}

@article{dube2013,
  author  = {Dub{\'e}, Jean and Legros, Diègo},
  title   = {A Spatio-Temporal Measure of Spatial Dependence: An Example Using Real Estate Data},
  journal = {Papers in Regional Science},
  volume  = {92},
  number  = {1},
  pages   = {19--31},
  year    = {2013},
  doi     = {10.1111/j.1435-5957.2011.00402.x}
}

@article{dube2014,
  author  = {Dub{\'e}, Jean and Legros, Diègo},
  title   = {Spatial Econometrics and the Hedonic Pricing Model: What About the Temporal Dimension?},
  journal = {Journal of Property Research},
  volume  = {31},
  number  = {4},
  pages   = {333--359},
  year    = {2014},
  doi     = {10.1080/09599916.2014.913655}
}

% ---------------------------------------------------------------- automated valuation and machine learning
@article{shiller1999,
  author  = {Shiller, Robert J. and Weiss, Allan N.},
  title   = {Evaluating Real Estate Valuation Systems},
  journal = {Journal of Real Estate Finance and Economics},
  volume  = {18},
  number  = {2},
  pages   = {147--161},
  year    = {1999},
  doi     = {10.1023/A:1007756607862}
}

@article{pagourtzi2003,
  author  = {Pagourtzi, Elli and Assimakopoulos, Vassilis and Hatzichristos, Thomas and French, Nick},
  title   = {Real Estate Appraisal: A Review of Valuation Methods},
  journal = {Journal of Property Investment \& Finance},
  volume  = {21},
  number  = {4},
  pages   = {383--401},
  year    = {2003},
  doi     = {10.1108/14635780310483656}
}

@article{zurada2011,
  author  = {Zurada, Jozef and Levitan, Alan S. and Guan, Jian},
  title   = {A Comparison of Regression and Artificial Intelligence Methods in a Mass Appraisal Context},
  journal = {Journal of Real Estate Research},
  volume  = {33},
  number  = {3},
  pages   = {349--388},
  year    = {2011},
  doi     = {10.1080/10835547.2011.12091311}
}

@article{mccluskey2013,
  author  = {McCluskey, William J. and McCord, Michael and Davis, Peadar T. and Haran, Martin and McIlhatton, David},
  title   = {Prediction Accuracy in Mass Appraisal: A Comparison of Modern Approaches},
  journal = {Journal of Property Research},
  volume  = {30},
  number  = {4},
  pages   = {239--265},
  year    = {2013},
  doi     = {10.1080/09599916.2013.781204}
}

@article{kok2017,
  author  = {Kok, Nils and Koponen, Eija-Leena and Mart{\'\i}nez-Barbosa, Carmen Adriana},
  title   = {Big Data in Real Estate? {From} Manual Appraisal to Automated Valuation},
  journal = {Journal of Portfolio Management},
  volume  = {43},
  number  = {6},
  pages   = {202--211},
  year    = {2017},
  doi     = {10.3905/jpm.2017.43.6.202}
}

@article{mayer2019,
  author  = {Mayer, Michael and Bourassa, Steven C. and Hoesli, Martin and Scognamiglio, Donato},
  title   = {Estimation and Updating Methods for Hedonic Valuation},
  journal = {Journal of European Real Estate Research},
  volume  = {12},
  number  = {1},
  pages   = {134--150},
  year    = {2019},
  doi     = {10.1108/JERER-08-2018-0035}
}

@article{pace2020,
  author  = {Pace, R. Kelley and Hayunga, Darren},
  title   = {Examining the Information Content of Residuals from Hedonic and Spatial Models Using Trees and Forests},
  journal = {Journal of Real Estate Finance and Economics},
  volume  = {60},
  number  = {1--2},
  pages   = {170--180},
  year    = {2020},
  doi     = {10.1007/s11146-019-09724-w}
}

@article{bogin2020,
  author  = {Bogin, Alexander N. and Shui, Jessica},
  title   = {Appraisal Accuracy and Automated Valuation Models in Rural Areas},
  journal = {Journal of Real Estate Finance and Economics},
  volume  = {60},
  number  = {1--2},
  pages   = {40--52},
  year    = {2020},
  doi     = {10.1007/s11146-019-09712-0}
}

@article{krause2020,
  author  = {Krause, Andy and Martin, Andrew and Fix, Miriam},
  title   = {Uncertainty in Automated Valuation Models: Error- versus Model-Based Approaches},
  journal = {Journal of Property Research},
  volume  = {37},
  number  = {4},
  pages   = {308--339},
  year    = {2020},
  doi     = {10.1080/09599916.2020.1807587}
}

@article{steurer2021,
  author  = {Steurer, Miriam and Hill, Robert J. and Pfeifer, Norbert},
  title   = {Metrics for Evaluating the Performance of Machine Learning Based Automated Valuation Models},
  journal = {Journal of Property Research},
  volume  = {38},
  number  = {2},
  pages   = {99--129},
  year    = {2021},
  doi     = {10.1080/09599916.2020.1858937}
}

@article{lorenz2023,
  author  = {Lorenz, Felix and Willwersch, Jonas and Cajias, Marcelo and Fuerst, Franz},
  title   = {Interpretable Machine Learning for Real Estate Market Analysis},
  journal = {Real Estate Economics},
  volume  = {51},
  number  = {5},
  pages   = {1178--1208},
  year    = {2023},
  doi     = {10.1111/1540-6229.12397}
}

% ---------------------------------------------------------------- appraiser behaviour
@article{northcraft1987,
  author  = {Northcraft, Gregory B. and Neale, Margaret A.},
  title   = {Experts, Amateurs, and Real Estate: An Anchoring-and-Adjustment Perspective on Property Pricing Decisions},
  journal = {Organizational Behavior and Human Decision Processes},
  volume  = {39},
  number  = {1},
  pages   = {84--97},
  year    = {1987},
  doi     = {10.1016/0749-5978(87)90046-X}
}

@article{diaz1990,
  author  = {Diaz, Julian},
  title   = {How Appraisers Do Their Work: A Test of the Appraisal Process and the Development of a Descriptive Model},
  journal = {Journal of Real Estate Research},
  volume  = {5},
  number  = {1},
  pages   = {1--15},
  year    = {1990},
  doi     = {10.1080/10835547.1990.12090601}
}

@article{diaz2001,
  author  = {Diaz, Julian and Hansz, J. Andrew},
  title   = {The Use of Reference Points in Valuation Judgment},
  journal = {Journal of Property Research},
  volume  = {18},
  number  = {2},
  pages   = {141--148},
  year    = {2001},
  doi     = {10.1080/09599910110039897}
}

@article{eriksen2019,
  author  = {Eriksen, Michael D. and Fout, Hamilton B. and Palim, Mark and Rosenblatt, Eric},
  title   = {The Influence of Contract Prices and Relationships on Appraisal Bias},
  journal = {Journal of Urban Economics},
  volume  = {111},
  pages   = {132--143},
  year    = {2019},
  doi     = {10.1016/j.jue.2019.04.007}
}

@article{calem2021,
  author  = {Calem, Paul S. and Kenney, Jeanna and Lambie-Hanson, Lauren and Nakamura, Leonard I.},
  title   = {Appraising Home Purchase Appraisals},
  journal = {Real Estate Economics},
  volume  = {49},
  number  = {S1},
  pages   = {134--168},
  year    = {2021},
  doi     = {10.1111/1540-6229.12326}
}

% ---------------------------------------------------------------- forecast evaluation and inference
@article{diebold1995,
  author  = {Diebold, Francis X. and Mariano, Roberto S.},
  title   = {Comparing Predictive Accuracy},
  journal = {Journal of Business \& Economic Statistics},
  volume  = {13},
  number  = {3},
  pages   = {253--263},
  year    = {1995},
  doi     = {10.1080/07350015.1995.10524599}
}

@article{white2000,
  author  = {White, Halbert},
  title   = {A Reality Check for Data Snooping},
  journal = {Econometrica},
  volume  = {68},
  number  = {5},
  pages   = {1097--1126},
  year    = {2000},
  doi     = {10.1111/1468-0262.00152}
}

@article{hansen2005,
  author  = {Hansen, Peter Reinhard},
  title   = {A Test for Superior Predictive Ability},
  journal = {Journal of Business \& Economic Statistics},
  volume  = {23},
  number  = {4},
  pages   = {365--380},
  year    = {2005},
  doi     = {10.1198/073500105000000063}
}

@article{giacomini2006,
  author  = {Giacomini, Raffaella and White, Halbert},
  title   = {Tests of Conditional Predictive Ability},
  journal = {Econometrica},
  volume  = {74},
  number  = {6},
  pages   = {1545--1578},
  year    = {2006},
  doi     = {10.1111/j.1468-0262.2006.00718.x}
}

@article{hyndman2006,
  author  = {Hyndman, Rob J. and Koehler, Anne B.},
  title   = {Another Look at Measures of Forecast Accuracy},
  journal = {International Journal of Forecasting},
  volume  = {22},
  number  = {4},
  pages   = {679--688},
  year    = {2006},
  doi     = {10.1016/j.ijforecast.2006.03.001}
}

@article{cameron2008,
  author  = {Cameron, A. Colin and Gelbach, Jonah B. and Miller, Douglas L.},
  title   = {Bootstrap-Based Improvements for Inference with Clustered Errors},
  journal = {Review of Economics and Statistics},
  volume  = {90},
  number  = {3},
  pages   = {414--427},
  year    = {2008},
  doi     = {10.1162/rest.90.3.414}
}

@article{gneiting2011,
  author  = {Gneiting, Tilmann},
  title   = {Making and Evaluating Point Forecasts},
  journal = {Journal of the American Statistical Association},
  volume  = {106},
  number  = {494},
  pages   = {746--762},
  year    = {2011},
  doi     = {10.1198/jasa.2011.r10138}
}

@article{lei2018,
  author  = {Lei, Jing and G'Sell, Max and Rinaldo, Alessandro and Tibshirani, Ryan J. and Wasserman, Larry},
  title   = {Distribution-Free Predictive Inference for Regression},
  journal = {Journal of the American Statistical Association},
  volume  = {113},
  number  = {523},
  pages   = {1094--1111},
  year    = {2018},
  doi     = {10.1080/01621459.2017.1307116}
}