{
 "record_id": "c6b33e6b839caa1157a283c6f9a1e3350edd0558",
 "eligible": true,
 "exclusion_reason": null,
 "study": {
  "title": "Modeling unobserved heterogeneity in hedonic price models",
  "year": 2021,
  "doi": "10.1111/1540-6229.12320",
  "country": "United States; Netherlands",
  "region_city": "Los Angeles (multifamily); Heemstede, Netherlands (single-family)",
  "sample_start": 2001,
  "sample_end": 2017,
  "property_type": "mixed",
  "price_type": "transaction",
  "data_source": "Real Capital Analytics commercial multifamily transactions > $2.5M, Los Angeles (2,263 sales, 1,936 properties); NVM broker transactions, Heemstede (2,468 sales, 2,065 properties)",
  "document_type": "journal",
  "estimators": [
   "other"
  ],
  "spatial_method": "Bayesian hedonic models: standard (location FE), hybrid repeat-sales, property random effects (RE), Besag spatial random effects, spatial random walk (SRW) along TSP route",
  "time_fe": true,
  "location_fe": true,
  "se_type": "unknown",
  "n_obs_total": 4731,
  "ai_methods": [],
  "notes": "All coefficients are Bayesian posterior means with significance stars only (*** 1%, ** 5%, * 10%); no SE printed. Dependent variable: log transaction price. Table 3 = Los Angeles commercial multifamily (property_type multifamily; includes ln(NOI/Size) income control), Table 4 = Heemstede owner-occupied single-family. Standard/Hybrid/RE models include location fixed effects; Besag and SRW models replace them with spatial random effects. Year dummies 2002-2017 not extracted. Age2 coefficients are printed as 0.000 / -0.000 (rounded to three decimals). Text reports 2,262 Heemstede transactions but Table 1 prints 2,468 observations. Reference categories: LA garden apartment; Heemstede row house, maintenance [bad], no yard."
 },
 "models": [
  {
   "model_id": "T3-c1",
   "table": "3",
   "column": "Standard",
   "page": 14,
   "dep_var": "ln transaction price (USD)",
   "dep_transform": "log",
   "estimator": "other",
   "n_obs": 2263,
   "r2": null,
   "se_or_t_in_parentheses": "none",
   "sample_subset": "Los Angeles commercial multifamily; Standard specification (Table 2)",
   "notes": "Bayesian posterior means; location FE only in Standard/Hybrid/RE"
  },
  {
   "model_id": "T3-c2",
   "table": "3",
   "column": "Hybrid",
   "page": 14,
   "dep_var": "ln transaction price (USD)",
   "dep_transform": "log",
   "estimator": "other",
   "n_obs": 2263,
   "r2": null,
   "se_or_t_in_parentheses": "none",
   "sample_subset": "Los Angeles commercial multifamily; Hybrid specification (Table 2)",
   "notes": "Bayesian posterior means; location FE only in Standard/Hybrid/RE"
  },
  {
   "model_id": "T3-c3",
   "table": "3",
   "column": "RE",
   "page": 14,
   "dep_var": "ln transaction price (USD)",
   "dep_transform": "log",
   "estimator": "other",
   "n_obs": 2263,
   "r2": null,
   "se_or_t_in_parentheses": "none",
   "sample_subset": "Los Angeles commercial multifamily; RE specification (Table 2)",
   "notes": "Bayesian posterior means; location FE only in Standard/Hybrid/RE"
  },
  {
   "model_id": "T3-c4",
   "table": "3",
   "column": "Besag (Hybrid)",
   "page": 14,
   "dep_var": "ln transaction price (USD)",
   "dep_transform": "log",
   "estimator": "other",
   "n_obs": 2263,
   "r2": null,
   "se_or_t_in_parentheses": "none",
   "sample_subset": "Los Angeles commercial multifamily; Besag (Hybrid) specification (Table 2)",
   "notes": "Bayesian posterior means; location FE only in Standard/Hybrid/RE"
  },
  {
   "model_id": "T3-c5",
   "table": "3",
   "column": "Besag (RE)",
   "page": 14,
   "dep_var": "ln transaction price (USD)",
   "dep_transform": "log",
   "estimator": "other",
   "n_obs": 2263,
   "r2": null,
   "se_or_t_in_parentheses": "none",
   "sample_subset": "Los Angeles commercial multifamily; Besag (RE) specification (Table 2)",
   "notes": "Bayesian posterior means; location FE only in Standard/Hybrid/RE"
  },
  {
   "model_id": "T3-c6",
   "table": "3",
   "column": "SRW (Hybrid)",
   "page": 14,
   "dep_var": "ln transaction price (USD)",
   "dep_transform": "log",
   "estimator": "other",
   "n_obs": 2263,
   "r2": null,
   "se_or_t_in_parentheses": "none",
   "sample_subset": "Los Angeles commercial multifamily; SRW (Hybrid) specification (Table 2)",
   "notes": "Bayesian posterior means; location FE only in Standard/Hybrid/RE"
  },
  {
   "model_id": "T3-c7",
   "table": "3",
   "column": "SRW (RE)",
   "page": 14,
   "dep_var": "ln transaction price (USD)",
   "dep_transform": "log",
   "estimator": "other",
   "n_obs": 2263,
   "r2": null,
   "se_or_t_in_parentheses": "none",
   "sample_subset": "Los Angeles commercial multifamily; SRW (RE) specification (Table 2)",
   "notes": "Bayesian posterior means; location FE only in Standard/Hybrid/RE"
  },
  {
   "model_id": "T4-c1",
   "table": "4",
   "column": "Standard",
   "page": 15,
   "dep_var": "ln transaction price (EUR)",
   "dep_transform": "log",
   "estimator": "other",
   "n_obs": 2468,
   "r2": null,
   "se_or_t_in_parentheses": "none",
   "sample_subset": "Heemstede single-family; Standard specification (Table 2)",
   "notes": "Bayesian posterior means; location FE only in Standard/Hybrid/RE"
  },
  {
   "model_id": "T4-c2",
   "table": "4",
   "column": "Hybrid",
   "page": 15,
   "dep_var": "ln transaction price (EUR)",
   "dep_transform": "log",
   "estimator": "other",
   "n_obs": 2468,
   "r2": null,
   "se_or_t_in_parentheses": "none",
   "sample_subset": "Heemstede single-family; Hybrid specification (Table 2)",
   "notes": "Bayesian posterior means; location FE only in Standard/Hybrid/RE"
  },
  {
   "model_id": "T4-c3",
   "table": "4",
   "column": "RE",
   "page": 15,
   "dep_var": "ln transaction price (EUR)",
   "dep_transform": "log",
   "estimator": "other",
   "n_obs": 2468,
   "r2": null,
   "se_or_t_in_parentheses": "none",
   "sample_subset": "Heemstede single-family; RE specification (Table 2)",
   "notes": "Bayesian posterior means; location FE only in Standard/Hybrid/RE"
  },
  {
   "model_id": "T4-c4",
   "table": "4",
   "column": "Besag (Hybrid)",
   "page": 15,
   "dep_var": "ln transaction price (EUR)",
   "dep_transform": "log",
   "estimator": "other",
   "n_obs": 2468,
   "r2": null,
   "se_or_t_in_parentheses": "none",
   "sample_subset": "Heemstede single-family; Besag (Hybrid) specification (Table 2)",
   "notes": "Bayesian posterior means; location FE only in Standard/Hybrid/RE"
  },
  {
   "model_id": "T4-c5",
   "table": "4",
   "column": "Besag (RE)",
   "page": 15,
   "dep_var": "ln transaction price (EUR)",
   "dep_transform": "log",
   "estimator": "other",
   "n_obs": 2468,
   "r2": null,
   "se_or_t_in_parentheses": "none",
   "sample_subset": "Heemstede single-family; Besag (RE) specification (Table 2)",
   "notes": "Bayesian posterior means; location FE only in Standard/Hybrid/RE"
  },
  {
   "model_id": "T4-c6",
   "table": "4",
   "column": "SRW (Hybrid)",
   "page": 15,
   "dep_var": "ln transaction price (EUR)",
   "dep_transform": "log",
   "estimator": "other",
   "n_obs": 2468,
   "r2": null,
   "se_or_t_in_parentheses": "none",
   "sample_subset": "Heemstede single-family; SRW (Hybrid) specification (Table 2)",
   "notes": "Bayesian posterior means; location FE only in Standard/Hybrid/RE"
  },
  {
   "model_id": "T4-c7",
   "table": "4",
   "column": "SRW (RE)",
   "page": 15,
   "dep_var": "ln transaction price (EUR)",
   "dep_transform": "log",
   "estimator": "other",
   "n_obs": 2468,
   "r2": null,
   "se_or_t_in_parentheses": "none",
   "sample_subset": "Heemstede single-family; SRW (RE) specification (Table 2)",
   "notes": "Bayesian posterior means; location FE only in Standard/Hybrid/RE"
  }
 ],
 "coefficients": [
  {
   "model_id": "T3-c1",
   "var_name_printed": "ln Size",
   "taxonomy_id": "living_area",
   "x_transform": "log",
   "x_unit": "sqft",
   "beta": 0.932,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": "building size in square feet (multifamily property)"
  },
  {
   "model_id": "T3-c2",
   "var_name_printed": "ln Size",
   "taxonomy_id": "living_area",
   "x_transform": "log",
   "x_unit": "sqft",
   "beta": 0.924,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": "building size in square feet (multifamily property)"
  },
  {
   "model_id": "T3-c3",
   "var_name_printed": "ln Size",
   "taxonomy_id": "living_area",
   "x_transform": "log",
   "x_unit": "sqft",
   "beta": 0.928,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": "building size in square feet (multifamily property)"
  },
  {
   "model_id": "T3-c4",
   "var_name_printed": "ln Size",
   "taxonomy_id": "living_area",
   "x_transform": "log",
   "x_unit": "sqft",
   "beta": 0.945,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": "building size in square feet (multifamily property)"
  },
  {
   "model_id": "T3-c5",
   "var_name_printed": "ln Size",
   "taxonomy_id": "living_area",
   "x_transform": "log",
   "x_unit": "sqft",
   "beta": 0.952,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": "building size in square feet (multifamily property)"
  },
  {
   "model_id": "T3-c6",
   "var_name_printed": "ln Size",
   "taxonomy_id": "living_area",
   "x_transform": "log",
   "x_unit": "sqft",
   "beta": 0.956,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": "building size in square feet (multifamily property)"
  },
  {
   "model_id": "T3-c7",
   "var_name_printed": "ln Size",
   "taxonomy_id": "living_area",
   "x_transform": "log",
   "x_unit": "sqft",
   "beta": 0.961,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": "building size in square feet (multifamily property)"
  },
  {
   "model_id": "T3-c1",
   "var_name_printed": "ln ( NOI / Size )",
   "taxonomy_id": "other",
   "x_transform": "log",
   "x_unit": "currency per sqft",
   "beta": 0.735,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": "net operating income per square foot (income control)"
  },
  {
   "model_id": "T3-c2",
   "var_name_printed": "ln ( NOI / Size )",
   "taxonomy_id": "other",
   "x_transform": "log",
   "x_unit": "currency per sqft",
   "beta": 0.708,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": "net operating income per square foot (income control)"
  },
  {
   "model_id": "T3-c3",
   "var_name_printed": "ln ( NOI / Size )",
   "taxonomy_id": "other",
   "x_transform": "log",
   "x_unit": "currency per sqft",
   "beta": 0.7,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": "net operating income per square foot (income control)"
  },
  {
   "model_id": "T3-c4",
   "var_name_printed": "ln ( NOI / Size )",
   "taxonomy_id": "other",
   "x_transform": "log",
   "x_unit": "currency per sqft",
   "beta": 0.613,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": "net operating income per square foot (income control)"
  },
  {
   "model_id": "T3-c5",
   "var_name_printed": "ln ( NOI / Size )",
   "taxonomy_id": "other",
   "x_transform": "log",
   "x_unit": "currency per sqft",
   "beta": 0.609,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": "net operating income per square foot (income control)"
  },
  {
   "model_id": "T3-c6",
   "var_name_printed": "ln ( NOI / Size )",
   "taxonomy_id": "other",
   "x_transform": "log",
   "x_unit": "currency per sqft",
   "beta": 0.603,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": "net operating income per square foot (income control)"
  },
  {
   "model_id": "T3-c7",
   "var_name_printed": "ln ( NOI / Size )",
   "taxonomy_id": "other",
   "x_transform": "log",
   "x_unit": "currency per sqft",
   "beta": 0.602,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": "net operating income per square foot (income control)"
  },
  {
   "model_id": "T3-c1",
   "var_name_printed": "Age",
   "taxonomy_id": "age",
   "x_transform": "level",
   "x_unit": "years",
   "beta": -0.001,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T3-c2",
   "var_name_printed": "Age",
   "taxonomy_id": "age",
   "x_transform": "level",
   "x_unit": "years",
   "beta": -0.001,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T3-c3",
   "var_name_printed": "Age",
   "taxonomy_id": "age",
   "x_transform": "level",
   "x_unit": "years",
   "beta": -0.001,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T3-c4",
   "var_name_printed": "Age",
   "taxonomy_id": "age",
   "x_transform": "level",
   "x_unit": "years",
   "beta": -0.003,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T3-c5",
   "var_name_printed": "Age",
   "taxonomy_id": "age",
   "x_transform": "level",
   "x_unit": "years",
   "beta": -0.004,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T3-c6",
   "var_name_printed": "Age",
   "taxonomy_id": "age",
   "x_transform": "level",
   "x_unit": "years",
   "beta": -0.004,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T3-c7",
   "var_name_printed": "Age",
   "taxonomy_id": "age",
   "x_transform": "level",
   "x_unit": "years",
   "beta": -0.004,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": ""
  },
  {
   "model_id": "T3-c1",
   "var_name_printed": "Age2",
   "taxonomy_id": "age",
   "x_transform": "squared",
   "x_unit": "years",
   "beta": 0.0,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "medium",
   "notes": "printed as 0.000 (rounded)"
  },
  {
   "model_id": "T3-c2",
   "var_name_printed": "Age2",
   "taxonomy_id": "age",
   "x_transform": "squared",
   "x_unit": "years",
   "beta": 0.0,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "medium",
   "notes": "printed as 0.000 (rounded)"
  },
  {
   "model_id": "T3-c3",
   "var_name_printed": "Age2",
   "taxonomy_id": "age",
   "x_transform": "squared",
   "x_unit": "years",
   "beta": 0.0,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "medium",
   "notes": "printed as 0.000 (rounded)"
  },
  {
   "model_id": "T3-c4",
   "var_name_printed": "Age2",
   "taxonomy_id": "age",
   "x_transform": "squared",
   "x_unit": "years",
   "beta": 0.0,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "medium",
   "notes": "printed as 0.000 (rounded)"
  },
  {
   "model_id": "T3-c5",
   "var_name_printed": "Age2",
   "taxonomy_id": "age",
   "x_transform": "squared",
   "x_unit": "years",
   "beta": 0.0,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "*",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "medium",
   "notes": "printed as 0.000 (rounded)"
  },
  {
   "model_id": "T3-c6",
   "var_name_printed": "Age2",
   "taxonomy_id": "age",
   "x_transform": "squared",
   "x_unit": "years",
   "beta": 0.0,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "medium",
   "notes": "printed as 0.000 (rounded)"
  },
  {
   "model_id": "T3-c7",
   "var_name_printed": "Age2",
   "taxonomy_id": "age",
   "x_transform": "squared",
   "x_unit": "years",
   "beta": 0.0,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "***",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "medium",
   "notes": "printed as 0.000 (rounded)"
  },
  {
   "model_id": "T3-c1",
   "var_name_printed": "Mid/Highrise",
   "taxonomy_id": "storeys",
   "x_transform": "binary",
   "x_unit": "binary",
   "beta": 0.018,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": "mid/high-rise property subtype vs garden apartment"
  },
  {
   "model_id": "T3-c2",
   "var_name_printed": "Mid/Highrise",
   "taxonomy_id": "storeys",
   "x_transform": "binary",
   "x_unit": "binary",
   "beta": 0.014,
   "se": null,
   "t": null,
   "p": null,
   "p_stars": "",
   "ci_lo": null,
   "ci_hi": null,
   "page": 14,
   "confidence": "high",
   "notes": "mid/high-rise property subtype vs garden apartment"
  },
  {
   "model_id": "T3-c3",
   "var_name_printed": "Mid/Highrise",
   "taxonomy_id": "storeys",
   "x_transform": "binary",
   "x_unit": "binary",
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   "confidence": "high",
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   "confidence": "high",
   "notes": "vs row house"
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}