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

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 (Aug 5, 2026) parent 1279445 Browse files

6 changed files +27 −11

modified README.md +1 −1
@@ -18,7 +18,7 @@
18 [![Sample](https://img.shields.io/badge/Sample-788%2C842%20listings-2B5C8A)](#-data) 18 [![Sample](https://img.shields.io/badge/Sample-788%2C842%20listings-2B5C8A)](#-data)
19 [![Coverage](https://img.shields.io/badge/Coverage-50%20states%20%2B%20DC-2B5C8A)](#-data) 19 [![Coverage](https://img.shields.io/badge/Coverage-50%20states%20%2B%20DC-2B5C8A)](#-data)
20 [![Figures](https://img.shields.io/badge/Figures-11%20publication--ready-A63E38)](#-figures) 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 [![Verified](https://img.shields.io/badge/Results-verified%20against%20stored%20artifacts-2E8B57)](#-verification--integrity) 22 [![Verified](https://img.shields.io/badge/Results-verified%20against%20stored%20artifacts-2E8B57)](#-verification--integrity)
23 [![Status](https://img.shields.io/badge/Status-Working%20Paper%20v1.1-orange)](#-citation) 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 2. **Campbell, Giglio & Pathak (2011) magnitude** — ✅ verified against the AER 127 2. **Campbell, Giglio & Pathak (2011) magnitude** — ✅ verified against the AER
128 abstract: average foreclosure discount of 27\% on Massachusetts transactions. 128 abstract: average foreclosure discount of 27\% on Massachusetts transactions.
129 Text unchanged (accurate). 129 Text unchanged (accurate).
130−3. **“Walk Score's metro-relative construction” conjecture** — the claim that 130+3. **“Neighborhood scores carry market-specific meaning” conjecture** — ✅ now
131− neighborhood scores carry market-specific scale is now explicitly flagged in 131+ partially grounded: Duncan et al. (2011, *IJERPH* 8(11), 4160–4179, DOI
132− the discussion as “plausible rather than established.” If you have a source on 132+ 10.3390/ijerph8114160; verified via PubMed/MDPI) validate Walk Score across
133− Walk Score's construction, it could be cited there. 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 4. **Positioning sentence** — “To our knowledge, this framing has not previously 136 4. **Positioning sentence** — “To our knowledge, this framing has not previously
135 been brought to bear on national-scale hedonic housing models” (end of 137 been brought to bear on national-scale hedonic housing models” (end of
136 literature §validation). Standard novelty hedge, but worth your sign-off. 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 ## 7. Build status & typographic fixes 159 ## 7. Build status & typographic fixes
158 160
159 `latexmk` clean build: **60 pages, 0 errors, 0 undefined references/citations, 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, 162+0 overfull vboxes**, 70/70 entries cited, hyperlinks resolving. Version 1.1; title-page
161−dated \today at compile time (freeze before submission if desired). 163+date frozen to August 5, 2026 for submission.
162 164
163 Two pre-existing typographic defects were found and fixed during the final QA 165 Two pre-existing typographic defects were found and fixed during the final QA
164 pass: the main OLS table (Table 5) and the appendix full-OLS landscape table 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 doi = {10.1093/rfs/hhz134}, 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 @article{pivo2011walkability, 399 @article{pivo2011walkability,
389 author = {Pivo, Gary and Fisher, Jeffrey D.}, 400 author = {Pivo, Gary and Fisher, Jeffrey D.},
390 title = {The walkability premium in commercial real estate investments}, 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 The ablation analysis identifies \emph{what} fails to transfer. Neighborhood 123 The ablation analysis identifies \emph{what} fails to transfer. Neighborhood
124 features contribute the largest random-validation gain ($+17.6$ pp) but only 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 125+$+3.5$ pp under geographic holdout---consistent with the conjecture that scores
126−like Walk Score and school ratings carry market-specific scaling; we flag this 126+like Walk Score and school ratings carry market-specific meaning. Validation
127−mechanism as plausible rather than established, since we do not test it directly. 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 More striking, the features most obviously "about" geography are actively harmful 131 More striking, the features most obviously "about" geography are actively harmful
129 out-of-market: the full model with region dummies loses 7.6 pp of geographic 132 out-of-market: the full model with region dummies loses 7.6 pp of geographic
130 holdout $R^2$ relative to the market-status stage, and adding raw coordinates 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 % --- Date & Version --- 42 % --- Date & Version ---
43 {\normalsize First draft: May 2026}\\[0.1cm] 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 {\small\itshape Version~\WPversion} 45 {\small\itshape Version~\WPversion}
46 46
47 \end{center} 47 \end{center}
48 48
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