This monograph critically reviews the empirical literature on office markets, including studies
pertaining to the demand or supply of office space (eg, square footage and building permits)…

Using 70,822 observations on housing prices from 1969 to 1991 from Fairfax County Virginia,
this article demonstrates the substantial benefits obtained by modeling the spatial as well …

Increasing levels of segregation in American schools raises the question: do home buyers
pay for test scores or demographic composition? This paper uses Connecticut panel data …

… The vertical equity parameter, C, is typically near unity for our data (Clapp 1990). Thus
we may obtain an upper bound estimate of (1~. We conclude that Equation (8) allows us to: (a) …

… The local standard errors of the predicted residuals are calculated as described by Clapp
[10]. If any predicted residual is outside the confidence bands at any other point in space, then …

… We use the assessed value (AV) methodology recently developed by Clapp (1990) and
by Clapp and Giaccotto (1992). The AV method reduces the property and locational …

Spatial autoregressive hedonic models utilize house prices lagged in space and time to
produce local house price indices, for example, the spatial and temporal autoregressive (STAR) …

This paper develops a rational expectations framework for interpreting the coefficient on age
in a standard hedonic model. The model demonstrates that there are two components to the …

… This paper develops a methodology proposed by Clapp [9] to estimate price trends for all
arm's-length residential transactions in the Hartford area. The next section presents the price …

The standard hedonic model of durable assets is a special case of a more general model
that contains two additive terms: (1) use value of the existing hedonic vector and (2) the value …