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1\begin{tabular}{lrrrrr}2\toprule3Variable & OLS (M4) & SAR & SEM & SDM & SDM, $\mathbf{W}x$ \\4\midrule5ln(bedrooms) & 0.164*** & 0.165*** & 0.155*** & 0.151*** & 0.035 \\6 & (0.042) & (0.034) & (0.034) & (0.034) & (0.068) \\7ln(1 + bathrooms) & 0.464*** & 0.444*** & 0.437*** & 0.436*** & 0.080 \\8 & (0.067) & (0.045) & (0.045) & (0.045) & (0.090) \\9ln(guests) & 0.321*** & 0.301*** & 0.334*** & 0.333*** & -0.153** \\10 & (0.037) & (0.031) & (0.031) & (0.031) & (0.060) \\11Shared bathroom & -0.403*** & -0.383*** & -0.391*** & -0.386*** & -0.010 \\12 & (0.052) & (0.047) & (0.048) & (0.048) & (0.087) \\13Chalet/cottage/cabin & 0.154*** & 0.097*** & 0.136*** & 0.114*** & -0.012 \\14 & (0.033) & (0.034) & (0.036) & (0.038) & (0.058) \\15House & 0.095*** & 0.073** & 0.096*** & 0.091*** & -0.064 \\16 & (0.033) & (0.034) & (0.035) & (0.035) & (0.065) \\17Condo/loft/apartment & -0.043 & -0.041 & -0.026 & -0.016 & -0.054 \\18 & (0.035) & (0.034) & (0.034) & (0.035) & (0.059) \\19Hotel/B\&B/hostel & 0.122** & 0.108** & 0.102** & 0.096** & 0.078 \\20 & (0.049) & (0.047) & (0.048) & (0.049) & (0.089) \\21ln(1 + amenities) & 0.067* & 0.063* & 0.056* & 0.055 & 0.049 \\22 & (0.037) & (0.033) & (0.034) & (0.034) & (0.062) \\23ln(1 + photos) & 0.092*** & 0.080*** & 0.093*** & 0.093*** & -0.030 \\24 & (0.022) & (0.020) & (0.020) & (0.020) & (0.037) \\25Superhost & 0.008 & 0.002 & 0.006 & 0.004 & 0.034 \\26 & (0.024) & (0.023) & (0.023) & (0.023) & (0.045) \\27Guest Favourite & -0.034 & -0.033 & -0.034 & -0.031 & 0.020 \\28 & (0.027) & (0.026) & (0.025) & (0.025) & (0.052) \\29ln(1 + reviews) & 0.015 & 0.017** & 0.015* & 0.015* & 0.005 \\30 & (0.010) & (0.008) & (0.008) & (0.008) & (0.017) \\31Rated (star shown) & -0.033 & -0.036 & -0.037 & -0.036 & -0.012 \\32 & (0.050) & (0.043) & (0.042) & (0.042) & (0.093) \\33Rating $-$ 4.8 (rated only) & 0.328*** & 0.315*** & 0.345*** & 0.331*** & -0.294** \\34 & (0.068) & (0.063) & (0.063) & (0.063) & (0.128) \\35ln(1 + km to centre) & -0.002 & -0.006 & -0.005 & -0.024 & 0.021 \\36 & (0.010) & (0.010) & (0.013) & (0.062) & (0.061) \\37ln(1 + listings within 1 km) & 0.067*** & 0.053*** & 0.062*** & 0.044** & 0.008 \\38 & (0.009) & (0.009) & (0.011) & (0.020) & (0.023) \\39\midrule40$\rho$ (spatial lag) & & 0.200*** & & 0.261*** & \\41 & & (0.022) & & (0.028) & \\42$\lambda$ (spatial error) & & & 0.284*** & & \\43 & & & (0.028) & & \\44Log-likelihood & -1,748.7 & -1,710.6 & -1,702.1 & -1,684.3 & \\45AIC & 3,539 & 3,465 & 3,446 & 3,453 & \\46Pseudo-$R^2$ & 0.479 & 0.498 & 0.478 & 0.511 & \\47Observations & \multicolumn{5}{c}{2,480} \\48\bottomrule49\end{tabular}