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Medientyp:
E-Artikel
Titel:
Estimating price gradient in Bratislava with different distance measurements
Beteiligte:
Rehák, Štefan;
Káčer, Marek
Erschienen:
Emerald, 2019
Erschienen in:Journal of European Real Estate Research
Sprache:
Englisch
DOI:
10.1108/jerer-10-2018-0045
ISSN:
1753-9269
Entstehung:
Anmerkungen:
Beschreibung:
<jats:sec><jats:title content-type="abstract-subheading">Purpose</jats:title><jats:p>This paper aims to analyse the price gradient of apartments in the city of Bratislava with different measurements of travel time and distance to the city centre.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title><jats:p>The price gradient is analysed by means of a hedonic price model. To overcome the problem with spatial autocorrelation in the data, the authors apply a spatial error model.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Findings</jats:title><jats:p>The paper provides empirical insights into the size of the price gradient in the city of Bratislava. In addition, it suggests that even in the case of a city with complicated urban structure, Euclidean distance is the best proxy for distance to the city centre and it is not necessary to use a more demanding distance calculation in hedonic price models.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Originality/value</jats:title><jats:p>Price gradients are usually analysed in western European or American cities whose urban structure differ from the cities in central and eastern Europe. This paper is the first in which the price gradient is estimated with different measurements of time and distance to the city centre using a spatial econometric model.</jats:p></jats:sec>