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1% ============================================================================2% References — Working Paper 113% ============================================================================45@book{appraisal2020,6  author    = {{Appraisal Institute}},7  title     = {The Appraisal of Real Estate},8  edition   = {15th},9  publisher = {Appraisal Institute},10  address   = {Chicago},11  year      = {2020}12}1314@techreport{iaao2017,15  author      = {{International Association of Assessing Officers}},16  title       = {Standard on Mass Appraisal of Real Property},17  institution = {IAAO},18  address     = {Kansas City},19  year        = {2017}20}2122@techreport{iaao2018,23  author      = {{International Association of Assessing Officers}},24  title       = {Standard on Automated Valuation Models ({AVM}s)},25  institution = {IAAO},26  address     = {Kansas City},27  year        = {2018}28}2930@article{colwell1983,31  author  = {Colwell, Peter F. and Cannaday, Roger E. and Wu, Chunchi},32  title   = {The Analytical Foundations of Adjustment Grid Methods},33  journal = {Real Estate Economics},34  volume  = {11},35  number  = {1},36  pages   = {11--29},37  year    = {1983}38}3940@article{vandell1991,41  author  = {Vandell, Kerry D.},42  title   = {Optimal Comparable Selection and Weighting in Real Property Valuation},43  journal = {Real Estate Economics},44  volume  = {19},45  number  = {2},46  pages   = {213--239},47  year    = {1991}48}4950@article{gau1992,51  author  = {Gau, George W. and Lai, Tsong-Yue and Wang, Ko},52  title   = {Optimal Comparable Selection and Weighting in Real Property Valuation: An Extension},53  journal = {Real Estate Economics},54  volume  = {20},55  number  = {1},56  pages   = {107--123},57  year    = {1992}58}5960@article{gau1994,61  author  = {Gau, George W. and Lai, Tsong-Yue and Wang, Ko},62  title   = {A Further Discussion of Optimal Comparable Selection and Weighting, and a Response to {Green}},63  journal = {Real Estate Economics},64  volume  = {22},65  number  = {4},66  pages   = {655--663},67  year    = {1994}68}6970@article{isakson1986,71  author  = {Isakson, Hans R.},72  title   = {The Nearest Neighbors Appraisal Technique: An Alternative to the Adjustment Grid Methods},73  journal = {Real Estate Economics},74  volume  = {14},75  number  = {2},76  pages   = {274--286},77  year    = {1986}78}7980@article{isakson2002,81  author  = {Isakson, Hans R.},82  title   = {The Linear Algebra of the Sales Comparison Approach},83  journal = {Journal of Real Estate Research},84  volume  = {24},85  number  = {2},86  pages   = {117--128},87  year    = {2002}88}8990@article{lentz1998,91  author  = {Lentz, George H. and Wang, Ko},92  title   = {Residential Appraisal and the Lending Process: A Survey of Issues},93  journal = {Journal of Real Estate Research},94  volume  = {15},95  number  = {1},96  pages   = {11--39},97  year    = {1998}98}99100@article{kang1991,101  author  = {Kang, Han-Bin and Reichert, Alan K.},102  title   = {An Empirical Analysis of Hedonic Regression and Grid-Adjustment Techniques in Real Estate Appraisal},103  journal = {Real Estate Economics},104  volume  = {19},105  number  = {1},106  pages   = {70--91},107  year    = {1991}108}109110@article{pace1998,111  author  = {Pace, R. 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Kelley and Gilley, Otis W.},122  title   = {Using the Spatial Configuration of the Data to Improve Estimation},123  journal = {Journal of Real Estate Finance and Economics},124  volume  = {14},125  number  = {3},126  pages   = {333--340},127  year    = {1997}128}129130@article{rosen1974,131  author  = {Rosen, Sherwin},132  title   = {Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition},133  journal = {Journal of Political Economy},134  volume  = {82},135  number  = {1},136  pages   = {34--55},137  year    = {1974}138}139140@article{bourassa2010,141  author  = {Bourassa, Steven C. and Cantoni, Eva and Hoesli, Martin},142  title   = {Predicting House Prices with Spatial Dependence: A Comparison of Alternative Methods},143  journal = {Journal of Real Estate Research},144  volume  = {32},145  number  = {2},146  pages   = {139--159},147  year    = {2010}148}149150@article{case2004,151  author  = {Case, Bradford and Clapp, John and Dubin, Robin and Rodriguez, Mauricio},152  title   = {Modeling Spatial and Temporal House Price Patterns: A Comparison of Four Models},153  journal = {Journal of Real Estate Finance and Economics},154  volume  = {29},155  number  = {2},156  pages   = {167--191},157  year    = {2004}158}159160@article{bailey1963,161  author  = {Bailey, Martin J. and Muth, Richard F. and Nourse, Hugh O.},162  title   = {A Regression Method for Real Estate Price Index Construction},163  journal = {Journal of the American Statistical Association},164  volume  = {58},165  number  = {304},166  pages   = {933--942},167  year    = {1963}168}169170@article{case1989,171  author  = {Case, Karl E. and Shiller, Robert J.},172  title   = {The Efficiency of the Market for Single-Family Homes},173  journal = {American Economic Review},174  volume  = {79},175  number  = {1},176  pages   = {125--137},177  year    = {1989}178}179180@article{hill2013,181  author  = {Hill, Robert J.},182  title   = {Hedonic Price Indexes for Residential Housing: A Survey, Evaluation and Taxonomy},183  journal = {Journal of Economic Surveys},184  volume  = {27},185  number  = {5},186  pages   = {879--914},187  year    = {2013}188}189190@book{gloudemans1999,191  author    = {Gloudemans, Robert J.},192  title     = {Mass Appraisal of Real Property},193  publisher = {International Association of Assessing Officers},194  address   = {Chicago},195  year      = {1999}196}197198@article{pagourtzi2003,199  author  = {Pagourtzi, Elli and Assimakopoulos, Vassilis and Hatzichristos, Thomas and French, Nick},200  title   = {Real Estate Appraisal: A Review of Valuation Methods},201  journal = {Journal of Property Investment \& Finance},202  volume  = {21},203  number  = {4},204  pages   = {383--401},205  year    = {2003}206}207208@article{mccluskey2013,209  author  = {McCluskey, William J. and McCord, Michael and Davis, Peadar T. and Haran, Martin and McIlhatton, David},210  title   = {Prediction Accuracy in Mass Appraisal: A Comparison of Modern Approaches},211  journal = {Journal of Property Research},212  volume  = {30},213  number  = {4},214  pages   = {239--265},215  year    = {2013}216}217218@article{mayer2019,219  author  = {Mayer, Michael and Bourassa, Steven C. and Hoesli, Martin and Scognamiglio, Donato},220  title   = {Estimation and Updating Methods for Hedonic Valuation},221  journal = {Journal of European Real Estate Research},222  volume  = {12},223  number  = {1},224  pages   = {134--150},225  year    = {2019}226}227228@article{pace2020,229  author  = {Pace, R. Kelley and Hayunga, Darren},230  title   = {Examining the Information Content of Residuals from Hedonic and Spatial Models Using Trees and Forests},231  journal = {Journal of Real Estate Finance and Economics},232  volume  = {60},233  number  = {1--2},234  pages   = {170--180},235  year    = {2020}236}237238@article{diaz1990,239  author  = {Diaz, Julian},240  title   = {How Appraisers Do Their Work: A Test of the Appraisal Process and the Development of a Descriptive Model},241  journal = {Journal of Real Estate Research},242  volume  = {5},243  number  = {1},244  pages   = {1--15},245  year    = {1990}246}247248@article{diaz2001,249  author  = {Diaz, Julian and Hansz, J. Andrew},250  title   = {The Use of Reference Points in Valuation Judgment},251  journal = {Journal of Property Research},252  volume  = {18},253  number  = {2},254  pages   = {141--148},255  year    = {2001}256}257258@article{northcraft1987,259  author  = {Northcraft, Gregory B. and Neale, Margaret A.},260  title   = {Experts, Amateurs, and Real Estate: An Anchoring-and-Adjustment Perspective on Property Pricing Decisions},261  journal = {Organizational Behavior and Human Decision Processes},262  volume  = {39},263  number  = {1},264  pages   = {84--97},265  year    = {1987}266}267268@article{cameron2008,269  author  = {Cameron, A. Colin and Gelbach, Jonah B. and Miller, Douglas L.},270  title   = {Bootstrap-Based Improvements for Inference with Clustered Errors},271  journal = {Review of Economics and Statistics},272  volume  = {90},273  number  = {3},274  pages   = {414--427},275  year    = {2008}276}277