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UQO Working Paper No. 3 — Hedonic housing price models for the US: parametric, quantile, and machine-learning approaches.

TeX 77.8% Python 22.1%

Ground Walk Score conjecture (Duncan et al. 2011), freeze version date

- Added verified reference: Duncan, Aldstadt, Whalen, Melly & Gortmaker
  (2011), IJERPH 8(11), 4160-4179, DOI 10.3390/ijerph8114160 (verified
  via PubMed/MDPI) — validation of Walk Score across four US metros,
  supporting the market-specific-meaning mechanism in the discussion.
- Title page date frozen to August 5, 2026 (was \today).
- Build: 60 pages, 0 errors, 0 undefined refs, 0 overfull boxes,
  70/70 references cited.

Co-Authored-By: Claude Fable 5 <noreply@anthropic.com>
simon-pierre boucher committed 5 days ago (Aug 5, 2026) parent 1279445

Showing 6 changed files with +27 and −11

modified README.md +1 −1
@@ -18,7 +18,7 @@
18 18 [![Sample](https://img.shields.io/badge/Sample-788%2C842%20listings-2B5C8A)](#-data)
19 19 [![Coverage](https://img.shields.io/badge/Coverage-50%20states%20%2B%20DC-2B5C8A)](#-data)
20 20 [![Figures](https://img.shields.io/badge/Figures-11%20publication--ready-A63E38)](#-figures)
21 [![References](https://img.shields.io/badge/References-69%20verified%20(OpenAlex%2FDOI)-2E8B57)](paper/references.bib)
21 +[![References](https://img.shields.io/badge/References-70%20verified%20(OpenAlex%2FDOI)-2E8B57)](paper/references.bib)
22 22 [![Verified](https://img.shields.io/badge/Results-verified%20against%20stored%20artifacts-2E8B57)](#-verification--integrity)
23 23 [![Status](https://img.shields.io/badge/Status-Working%20Paper%20v1.1-orange)](#-citation)
24 24
modified UPGRADE_REPORT.md +8 −6
@@ -127,10 +127,12 @@ prediction; `bishop2020best`/`rosen1974hedonic` for the SHAP-is-not-WTP claim).
127 127 2. **Campbell, Giglio & Pathak (2011) magnitude** — ✅ verified against the AER
128 128 abstract: average foreclosure discount of 27\% on Massachusetts transactions.
129 129 Text unchanged (accurate).
130 3. **“Walk Score's metro-relative construction” conjecture** — the claim that
131 neighborhood scores carry market-specific scale is now explicitly flagged in
132 the discussion as “plausible rather than established.” If you have a source on
133 Walk Score's construction, it could be cited there.
130 +3. **“Neighborhood scores carry market-specific meaning” conjecture** — ✅ now
131 + partially grounded: Duncan et al. (2011, *IJERPH* 8(11), 4160–4179, DOI
132 + 10.3390/ijerph8114160; verified via PubMed/MDPI) validate Walk Score across
133 + four US metropolitan areas and find its correspondence with walkability
134 + constructs varies by metro. Cited in the discussion; the mechanism remains
135 + flagged as “plausible rather than established” since we do not test it.
134 136 4. **Positioning sentence** — “To our knowledge, this framing has not previously
135 137 been brought to bear on national-scale hedonic housing models” (end of
136 138 literature §validation). Standard novelty hedge, but worth your sign-off.
@@ -157,8 +159,8 @@ prediction; `bishop2020best`/`rosen1974hedonic` for the SHAP-is-not-WTP claim).
157 159 ## 7. Build status & typographic fixes
158 160
159 161 `latexmk` clean build: **60 pages, 0 errors, 0 undefined references/citations,
160 0 overfull vboxes**, 69/69 entries cited, hyperlinks resolving. Version 1.1,
161 dated \today at compile time (freeze before submission if desired).
162 +0 overfull vboxes**, 70/70 entries cited, hyperlinks resolving. Version 1.1; title-page
163 +date frozen to August 5, 2026 for submission.
162 164
163 165 Two pre-existing typographic defects were found and fixed during the final QA
164 166 pass: the main OLS table (Table 5) and the appendix full-OLS landscape table
modified paper/main.pdf +0 −0

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modified paper/references.bib +11 −0
@@ -385,6 +385,17 @@ at-sign cannot appear here.
385 385 doi = {10.1093/rfs/hhz134},
386 386 }
387 387
388 +@article{duncan2011validation,
389 + author = {Duncan, Dustin T. and Aldstadt, Jared and Whalen, John and Melly, Steven J. and Gortmaker, Steven L.},
390 + title = {Validation of {W}alk {S}core for estimating neighborhood walkability: {A}n analysis of four {US} metropolitan areas},
391 + journal = {International Journal of Environmental Research and Public Health},
392 + year = {2011},
393 + volume = {8},
394 + number = {11},
395 + pages = {4160--4179},
396 + doi = {10.3390/ijerph8114160},
397 +}
398 +
388 399 @article{pivo2011walkability,
389 400 author = {Pivo, Gary and Fisher, Jeffrey D.},
390 401 title = {The walkability premium in commercial real estate investments},
modified paper/sections/discussion.tex +6 −3
@@ -122,9 +122,12 @@ held-out data.
122 122
123 123 The ablation analysis identifies \emph{what} fails to transfer. Neighborhood
124 124 features contribute the largest random-validation gain ($+17.6$ pp) but only
125 $+3.5$ pp under geographic holdout---consistent with our conjecture that scores
126 like Walk Score and school ratings carry market-specific scaling; we flag this
127 mechanism as plausible rather than established, since we do not test it directly.
125 +$+3.5$ pp under geographic holdout---consistent with the conjecture that scores
126 +like Walk Score and school ratings carry market-specific meaning. Validation
127 +research on Walk Score itself finds that its correspondence with underlying
128 +walkability constructs varies across metropolitan areas
129 +\citep{duncan2011validation}, which supports the mechanism, though we do not
130 +test it directly and flag it as plausible rather than established.
128 131 More striking, the features most obviously "about" geography are actively harmful
129 132 out-of-market: the full model with region dummies loses 7.6 pp of geographic
130 133 holdout $R^2$ relative to the market-status stage, and adding raw coordinates
modified paper/sections/titlepage.tex +1 −1
@@ -41,7 +41,7 @@
41 41
42 42 % --- Date & Version ---
43 43 {\normalsize First draft: May 2026}\\[0.1cm]
44 {\normalsize This version: \today}\\[0.1cm]
44 +{\normalsize This version: August 5, 2026}\\[0.1cm]
45 45 {\small\itshape Version~\WPversion}
46 46
47 47 \end{center}
48 48