% ============================================================================ % References — Hedonic Pricing of the Canadian Housing Market % ============================================================================ @article{rosen1974hedonic, 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} } @article{lancaster1966new, author = {Lancaster, Kelvin J.}, title = {A New Approach to Consumer Theory}, journal = {Journal of Political Economy}, volume = {74}, number = {2}, pages = {132--157}, year = {1966} } @article{court1939hedonic, author = {Court, Andrew T.}, title = {Hedonic Price Indexes with Automotive Examples}, journal = {The Dynamics of Automobile Demand, General Motors}, pages = {99--117}, year = {1939} } @article{griliches1961hedonic, author = {Griliches, Zvi}, title = {Hedonic Price Indexes for Automobiles: An Econometric Analysis of Quality Change}, journal = {The Price Statistics of the Federal Government, NBER}, pages = {173--196}, year = {1961} } @article{halvorsen1980interpretation, author = {Halvorsen, Robert and Palmquist, Raymond}, title = {The Interpretation of Dummy Variables in Semilogarithmic Equations}, journal = {American Economic Review}, volume = {70}, number = {3}, pages = {474--475}, year = {1980} } @article{sirmans2005composition, author = {Sirmans, G. Stacy and Macpherson, David A. and Zietz, Emily N.}, title = {The Composition of Hedonic Pricing Models}, journal = {Journal of Real Estate Literature}, volume = {13}, number = {1}, pages = {3--43}, year = {2005} } @incollection{malpezzi2003hedonic, author = {Malpezzi, Stephen}, title = {Hedonic Pricing Models: A Selective and Applied Review}, booktitle = {Housing Economics and Public Policy}, editor = {O'Sullivan, Tony and Gibb, Kenneth}, publisher = {Blackwell}, pages = {67--89}, year = {2003} } @article{can1992specification, author = {Can, Ay\c{s}e}, title = {Specification and Estimation of Hedonic Housing Price Models}, journal = {Regional Science and Urban Economics}, volume = {22}, number = {3}, pages = {453--474}, year = {1992} } @book{anselin1988spatial, author = {Anselin, Luc}, title = {Spatial Econometrics: Methods and Models}, publisher = {Kluwer Academic Publishers}, year = {1988} } @article{bourassa2007spatial, 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} } @article{case2004modeling, 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} } @article{kuminoff2010which, author = {Kuminoff, Nicolai V. and Parmeter, Christopher F. and Pope, Jaren C.}, title = {Which Hedonic Models Can We Trust to Recover the Marginal Willingness to Pay for Environmental Amenities?}, journal = {Journal of Environmental Economics and Management}, volume = {60}, number = {3}, pages = {145--160}, year = {2010} } @article{glaeser2005why, author = {Glaeser, Edward L. and Gyourko, Joseph and Saks, Raven}, title = {Why Have Housing Prices Gone Up?}, journal = {American Economic Review}, volume = {95}, number = {2}, pages = {329--333}, year = {2005} } @article{duan1983smearing, author = {Duan, Naihua}, title = {Smearing Estimate: A Nonparametric Retransformation Method}, journal = {Journal of the American Statistical Association}, volume = {78}, number = {383}, pages = {605--610}, year = {1983} } @article{cameron2015practitioner, author = {Cameron, A. Colin and Miller, Douglas L.}, title = {A Practitioner's Guide to Cluster-Robust Inference}, journal = {Journal of Human Resources}, volume = {50}, number = {2}, pages = {317--372}, year = {2015} } @article{correia2017reghdfe, author = {Correia, Sergio}, title = {Linear Models with High-Dimensional Fixed Effects: An Efficient and Feasible Estimator}, journal = {Working Paper}, year = {2017} } @article{gabaix2016power, author = {Gabaix, Xavier}, title = {Power Laws in Economics: An Introduction}, journal = {Journal of Economic Perspectives}, volume = {30}, number = {1}, pages = {185--206}, year = {2016} } @article{mullainathan2017machine, author = {Mullainathan, Sendhil and Spiess, Jann}, title = {Machine Learning: An Applied Econometric Approach}, journal = {Journal of Economic Perspectives}, volume = {31}, number = {2}, pages = {87--106}, year = {2017} } @article{cmhc2018canadian, author = {Mok, Diana and Chan, Sheryl}, title = {House Prices and the Geography of the Canadian Housing Market}, journal = {Canadian Journal of Urban Research}, volume = {27}, number = {1}, pages = {1--18}, year = {2018} } @article{ekeland2004identification, author = {Ekeland, Ivar and Heckman, James J. and Nesheim, Lars}, title = {Identification and Estimation of Hedonic Models}, journal = {Journal of Political Economy}, volume = {112}, number = {S1}, pages = {S60--S109}, year = {2004} } @article{bajari2005hedonic, author = {Bajari, Patrick and Benkard, C. Lanier}, title = {Demand Estimation with Heterogeneous Consumers and Unobserved Product Characteristics: A Hedonic Approach}, journal = {Journal of Political Economy}, volume = {113}, number = {6}, pages = {1239--1276}, year = {2005} } @article{black1999better, author = {Black, Sandra E.}, title = {Do Better Schools Matter? Parental Valuation of Elementary Education}, journal = {Quarterly Journal of Economics}, volume = {114}, number = {2}, pages = {577--599}, year = {1999} } @article{chay2005does, author = {Chay, Kenneth Y. and Greenstone, Michael}, title = {Does Air Quality Matter? Evidence from the Housing Market}, journal = {Journal of Political Economy}, volume = {113}, number = {2}, pages = {376--424}, year = {2005} } @article{linden2008estimates, author = {Linden, Leigh and Rockoff, Jonah E.}, title = {Estimates of the Impact of Crime Risk on Property Values from Megan's Laws}, journal = {American Economic Review}, volume = {98}, number = {3}, pages = {1103--1127}, year = {2008} } @book{lesage2009introduction, author = {LeSage, James and Pace, R. Kelley}, title = {Introduction to Spatial Econometrics}, publisher = {Chapman and Hall/CRC}, year = {2009} } @article{gibbons2012mostly, author = {Gibbons, Stephen and Overman, Henry G.}, title = {Mostly Pointless Spatial Econometrics?}, journal = {Journal of Regional Science}, volume = {52}, number = {2}, pages = {172--191}, year = {2012} } @article{combes2015empirics, author = {Combes, Pierre-Philippe and Gobillon, Laurent}, title = {The Empirics of Agglomeration Economies}, journal = {Handbook of Regional and Urban Economics}, volume = {5}, pages = {247--348}, year = {2015} } @article{moran1950notes, author = {Moran, Patrick A. P.}, title = {Notes on Continuous Stochastic Phenomena}, journal = {Biometrika}, volume = {37}, number = {1/2}, pages = {17--23}, year = {1950} } @article{koenker1978regression, author = {Koenker, Roger and Bassett, Gilbert}, title = {Regression Quantiles}, journal = {Econometrica}, volume = {46}, number = {1}, pages = {33--50}, year = {1978} } @article{zietz2008determinants, author = {Zietz, Joachim and Zietz, Emily N. and Sirmans, G. Stacy}, title = {Determinants of House Prices: A Quantile Regression Approach}, journal = {Journal of Real Estate Finance and Economics}, volume = {37}, number = {4}, pages = {317--333}, year = {2008} } @article{mcmillen2010issues, author = {McMillen, Daniel P. and Redfearn, Christian L.}, title = {Estimation and Hypothesis Testing for Nonparametric Hedonic House Price Functions}, journal = {Journal of Regional Science}, volume = {50}, number = {3}, pages = {712--733}, year = {2010} } @article{pace1998spatiotemporal, author = {Pace, R. Kelley and Barry, Ronald and Clapp, John M. and Rodriquez, Mauricio}, title = {Spatiotemporal Autoregressive Models of Neighborhood Effects}, journal = {Journal of Real Estate Finance and Economics}, volume = {17}, number = {1}, pages = {15--33}, year = {1998} } % ============================================================================ % Added in the v1.2 scholarly upgrade (2026-08-05). % Every entry verified against Crossref (DOI lookup) or publisher records. % ============================================================================ % ---- Urban spatial structure / monocentric tradition ---- @book{alonso1964location, author = {Alonso, William}, title = {Location and Land Use: Toward a General Theory of Land Rent}, publisher = {Harvard University Press}, address = {Cambridge, MA}, year = {1964} } @book{muth1969cities, author = {Muth, Richard F.}, title = {Cities and Housing: The Spatial Pattern of Urban Residential Land Use}, publisher = {University of Chicago Press}, address = {Chicago}, year = {1969} } @article{mills1967aggregative, author = {Mills, Edwin S.}, title = {An Aggregative Model of Resource Allocation in a Metropolitan Area}, journal = {American Economic Review}, year = {1967}, volume = {57}, number = {2}, pages = {197--210} } @article{ahlfeldt2015density, author = {Ahlfeldt, Gabriel M. and Redding, Stephen J. and Sturm, Daniel M. and Wolf, Nikolaus}, title = {The Economics of Density: Evidence from the {B}erlin {W}all}, journal = {Econometrica}, year = {2015}, volume = {83}, number = {6}, pages = {2127--2189}, doi = {10.3982/ECTA10876} } % ---- Land value and the location share of housing ---- @article{davis2007price, author = {Davis, Morris A. and Heathcote, Jonathan}, title = {The Price and Quantity of Residential Land in the {U}nited {S}tates}, journal = {Journal of Monetary Economics}, year = {2007}, volume = {54}, number = {8}, pages = {2595--2620}, doi = {10.1016/j.jmoneco.2007.06.023} } @article{knoll2017no, author = {Knoll, Katharina and Schularick, Moritz and Steger, Thomas}, title = {No Price Like Home: Global House Prices, 1870--2012}, journal = {American Economic Review}, year = {2017}, volume = {107}, number = {2}, pages = {331--353}, doi = {10.1257/aer.20150501} } @article{albouy2016cities, author = {Albouy, David}, title = {What Are Cities Worth? {L}and Rents, Local Productivity, and the Total Value of Amenities}, journal = {Review of Economics and Statistics}, year = {2016}, volume = {98}, number = {3}, pages = {477--487}, doi = {10.1162/REST_a_00550} } @article{cheshire1995price, author = {Cheshire, Paul and Sheppard, Stephen}, title = {On the Price of Land and the Value of Amenities}, journal = {Economica}, year = {1995}, volume = {62}, number = {246}, pages = {247--267}, doi = {10.2307/2554906} } % ---- Supply constraints and superstar cities ---- @article{saiz2010geographic, author = {Saiz, Albert}, title = {The Geographic Determinants of Housing Supply}, journal = {Quarterly Journal of Economics}, year = {2010}, volume = {125}, number = {3}, pages = {1253--1296}, doi = {10.1162/qjec.2010.125.3.1253} } @article{gyourko2013superstar, author = {Gyourko, Joseph and Mayer, Christopher and Sinai, Todd}, title = {Superstar Cities}, journal = {American Economic Journal: Economic Policy}, year = {2013}, volume = {5}, number = {4}, pages = {167--199}, doi = {10.1257/pol.5.4.167} } % ---- House-price indices ---- @article{bailey1963regression, 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}, year = {1963}, volume = {58}, number = {304}, pages = {933--942}, doi = {10.1080/01621459.1963.10480679} } @article{case1989efficiency, author = {Case, Karl E. and Shiller, Robert J.}, title = {The Efficiency of the Market for Single-Family Homes}, journal = {American Economic Review}, year = {1989}, volume = {79}, number = {1}, pages = {125--137} } @article{hill2013hedonic, author = {Hill, Robert J.}, title = {Hedonic Price Indexes for Residential Housing: A Survey, Evaluation and Taxonomy}, journal = {Journal of Economic Surveys}, year = {2013}, volume = {27}, number = {5}, pages = {879--914}, doi = {10.1111/j.1467-6419.2012.00731.x} } % ---- Housing submarkets ---- @article{goodman1998housing, author = {Goodman, Allen C. and Thibodeau, Thomas G.}, title = {Housing Market Segmentation}, journal = {Journal of Housing Economics}, year = {1998}, volume = {7}, number = {2}, pages = {121--143}, doi = {10.1006/jhec.1998.0229} } @article{bourassa2003submarkets, author = {Bourassa, Steven C. and Hoesli, Martin and Peng, Vincent S.}, title = {Do Housing Submarkets Really Matter?}, journal = {Journal of Housing Economics}, year = {2003}, volume = {12}, number = {1}, pages = {12--28}, doi = {10.1016/S1051-1377(03)00003-2} } % ---- Spatial dependence in hedonic empirics ---- @article{dubin1988estimation, author = {Dubin, Robin A.}, title = {Estimation of Regression Coefficients in the Presence of Spatially Autocorrelated Error Terms}, journal = {Review of Economics and Statistics}, year = {1988}, volume = {70}, number = {3}, pages = {466--474}, doi = {10.2307/1926785} } @article{basu1998analysis, author = {Basu, Sabyasachi and Thibodeau, Thomas G.}, title = {Analysis of Spatial Autocorrelation in House Prices}, journal = {Journal of Real Estate Finance and Economics}, year = {1998}, volume = {17}, number = {1}, pages = {61--85}, doi = {10.1023/A:1007703229507} } @article{dube2013spatiotemporal, author = {Dub{\'e}, Jean and Legros, Diego}, title = {A Spatio-temporal Measure of Spatial Dependence: An Example Using Real Estate Data}, journal = {Papers in Regional Science}, year = {2013}, volume = {92}, number = {1}, pages = {19--30}, doi = {10.1111/j.1435-5957.2011.00402.x} } % ---- Capitalization theory ---- @article{tiebout1956pure, author = {Tiebout, Charles M.}, title = {A Pure Theory of Local Expenditures}, journal = {Journal of Political Economy}, year = {1956}, volume = {64}, number = {5}, pages = {416--424}, doi = {10.1086/257839} } @article{oates1969effects, author = {Oates, Wallace E.}, title = {The Effects of Property Taxes and Local Public Spending on Property Values: An Empirical Study of Tax Capitalization and the {T}iebout Hypothesis}, journal = {Journal of Political Economy}, year = {1969}, volume = {77}, number = {6}, pages = {957--971}, doi = {10.1086/259584} } @article{roback1982wages, author = {Roback, Jennifer}, title = {Wages, Rents, and the Quality of Life}, journal = {Journal of Political Economy}, year = {1982}, volume = {90}, number = {6}, pages = {1257--1278}, doi = {10.1086/261120} } % ---- Hedonic identification (second stage) ---- @article{epple1987hedonic, author = {Epple, Dennis}, title = {Hedonic Prices and Implicit Markets: Estimating Demand and Supply Functions for Differentiated Products}, journal = {Journal of Political Economy}, year = {1987}, volume = {95}, number = {1}, pages = {59--80}, doi = {10.1086/261441} } % ---- List prices, search and housing microstructure ---- @article{genesove2001loss, author = {Genesove, David and Mayer, Christopher}, title = {Loss Aversion and Seller Behavior: Evidence from the Housing Market}, journal = {Quarterly Journal of Economics}, year = {2001}, volume = {116}, number = {4}, pages = {1233--1260}, doi = {10.1162/003355301753265561} } @incollection{han2015microstructure, author = {Han, Lu and Strange, William C.}, title = {The Microstructure of Housing Markets: Search, Bargaining, and Brokerage}, booktitle = {Handbook of Regional and Urban Economics}, volume = {5}, publisher = {Elsevier}, year = {2015}, pages = {813--886}, doi = {10.1016/B978-0-444-59531-7.00013-2} } @article{kiel2008location, author = {Kiel, Katherine A. and Zabel, Jeffrey E.}, title = {Location, Location, Location: The 3{L} Approach to House Price Determination}, journal = {Journal of Housing Economics}, year = {2008}, volume = {17}, number = {2}, pages = {175--190}, doi = {10.1016/j.jhe.2007.12.002} } % ---- Automated valuation and mass appraisal ---- @article{clapp2003semiparametric, author = {Clapp, John M.}, title = {A Semiparametric Method for Valuing Residential Locations: Application to Automated Valuation}, journal = {Journal of Real Estate Finance and Economics}, year = {2003}, volume = {27}, number = {3}, pages = {303--320}, doi = {10.1023/A:1025838007297} } @article{mccluskey2013prediction, 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}, year = {2013}, volume = {30}, number = {4}, pages = {239--265}, doi = {10.1080/09599916.2013.781204} } % ---- Canadian hedonic evidence ---- @article{desrosiers1996shopping, author = {Des Rosiers, Fran{\c c}ois and Lagana, Antonio and Th{\'e}riault, Marius and Beaudoin, Marcel}, title = {Shopping Centres and House Values: An Empirical Investigation}, journal = {Journal of Property Valuation and Investment}, year = {1996}, volume = {14}, number = {4}, pages = {41--62}, doi = {10.1108/14635789610153461} } @article{desrosiers2002landscaping, author = {Des Rosiers, Fran{\c c}ois and Th{\'e}riault, Marius and Kestens, Yan and Villeneuve, Paul}, title = {Landscaping and House Values: An Empirical Investigation}, journal = {Journal of Real Estate Research}, year = {2002}, volume = {23}, number = {1--2}, pages = {139--162}, doi = {10.1080/10835547.2002.12091072} } @article{haider2000effects, author = {Haider, Murtaza and Miller, Eric J.}, title = {Effects of Transportation Infrastructure and Location on Residential Real Estate Values: Application of Spatial Autoregressive Techniques}, journal = {Transportation Research Record}, year = {2000}, volume = {1722}, number = {1}, pages = {1--8}, doi = {10.3141/1722-01} } % ---- High-dimensional fixed-effects methodology ---- @article{abowd1999high, author = {Abowd, John M. and Kramarz, Francis and Margolis, David N.}, title = {High Wage Workers and High Wage Firms}, journal = {Econometrica}, year = {1999}, volume = {67}, number = {2}, pages = {251--333}, doi = {10.1111/1468-0262.00020} } @article{guimaraes2010simple, author = {Guimar{\~a}es, Paulo and Portugal, Pedro}, title = {A Simple Feasible Procedure to Fit Models with High-Dimensional Fixed Effects}, journal = {Stata Journal}, year = {2010}, volume = {10}, number = {4}, pages = {628--649}, doi = {10.1177/1536867X1001000406} }