Acceso abierto

Are Hedonic Models Really Quality-Adjusted? The Role of Apartment Quality in Hedonic Models of Housing Rental Market


Cite

Akerlof, G. A. (1970). The market for “Lemons”: Quality uncertainty and the market mechanism. The Quarterly Journal of Economics, 84, 488–500. https://doi.org/10.2307/1879431 Search in Google Scholar

Ardila, D., Ahmed, A., & Sornette, D. (2021). Comparing ask and transaction prices in the Swiss housing market. Quantitative Finance and Economics, 5(1), 67–93. https://doi.org/10.3934/QFE.2021004 Search in Google Scholar

Beręsewicz, M. (2019). Correlates of representation errors in internet data sources for real estate market. Journal of Official Statistics, 35(3), 509–529. https://doi.org/10.2478/jos-2019-0022 Search in Google Scholar

Bian, X., Contat, J. C., Waller, B. D., & Wentland, S. A. (2021). Why disclose less information? Toward resolving a disclosure puzzle in the housing market. The Journal of Real Estate Finance and Economics, 66, 443–486. https://doi.org/10.1007/s11146-021-09824-6 Search in Google Scholar

Czerniak, A., & Rubaszek, M. (2018). The size of the rental market and housing market fluctuations. Open Economies Review, 29(2), 261–281. https://doi.org/10.1007/s11079-017-9452-1 Search in Google Scholar

de Wit, E. R., & Van der Klaauw, B. (2013). Asymmetric information and list-price reductions in the housing market. Regional Science and Urban Economics, 43(3), 507–520. https://doi.org/10.1016/j.regsciurbeco.2013.03.001 Search in Google Scholar

Diewert, W. E., & Shimizu, C. (2022). Residential Property Price Indexes: Spatial Coordinates Versus Neighborhood Dummy Variables. Review of Income and Wealth, 68, 770–796. https://doi.org/10.1111/roiw.12534 Search in Google Scholar

Elsinga, M., & Hoekstra, J. (2005). Homeownership and housing satisfaction. Journal of Housing and the Built Environment, 20(4), 401–424. https://doi.org/10.1007/s10901-005-9023-4 Search in Google Scholar

European Commission. Eurostat. Organisation for Economic Cooperation and Development. World Bank. (2013). Handbook on Residential Property Prices (RPPIs) : 2013 edition. OECD Publishing. https://doi.org/10.2785/34007. Search in Google Scholar

Grossman, S. J. (1981). Warranties and private disclosure about product quality. The Journal of Law & Economics, 24(3), 461–483. https://doi.org/10.1086/466995 Search in Google Scholar

Hebdzyński, M. (2023). Quality information gaps in housing listings: Do words mean the same as pictures? Journal of Housing and the Built Environment, 38, 2399–2425. Advance online publication. https://doi.org/10.1007/s10901-023-10043-z Search in Google Scholar

Hill, R. J., & Trojanek, R. (2022). An evaluation of competing methods for constructing house price indexes: The case of Warsaw. Land Use Policy, 120, 106226. https://doi.org/10.1016/j.landusepol.2022.106226 Search in Google Scholar

Hotz, V. J., & Xiao, M. (2013). Strategic information disclosure: The case of multiattribute products with heterogeneous consumers. Economic Inquiry, 51(1), 865–881. https://doi.org/10.1111/j.1465-7295.2010.00340.x Search in Google Scholar

James, R. N., III. (2007). Multifamily housing characteristics and tenant satisfaction. Journal of Performance of Constructed Facilities, 21(6), 472–480. https://doi.org/10.1061/(ASCE)0887-3828(2007)21:6(472) Search in Google Scholar

Kain, J. F., & Quigley, J. M. (1970). Measuring the value of housing quality. Journal of the American Statistical Association, 65(330), 532–548. https://doi.org/10.1080/01621459.1970.10481102 Search in Google Scholar

Kim, S. S., Yang, I. H., Yeo, M. S., & Kim, K. W. (2005). Development of a housing performance evaluation model for multi-family residential buildings in Korea. Building and Environment, 40(8), 1103–1116. https://doi.org/10.1016/j.buildenv.2004.09.014 Search in Google Scholar

Koenker, R., & Bassett, G. (1978). Regression Quantiles. Econometrica, 46(1), 33–50. https://doi.org/10.2307/1913643 Search in Google Scholar

Koenker, R., & Machado, J. A. F. (1999). Goodness of Fit and Related Inference Processes for Quantile Regression. Journal of the American Statistical Association, 94(448), 1296–1310. https://doi.org/10.1080/01621459.1999.10473882 Search in Google Scholar

Kolbe, J., Schulz, R., Wersing, M., & Werwatz, A. (2021). Real estate listings and their usefulness for hedonic regressions. Empirical Economics, 61, 3239–3269. Advance online publication. https://doi.org/10.1007/s00181-020-01992-3 PMID:33462521 Search in Google Scholar

Lancaster, K. J. (1966). A New Approach to Consumer Theory. Journal of Political Economy, 74(2), 132–157. https://doi.org/10.1086/259131 Search in Google Scholar

Laver, M., Benoit, K., & Garry, J. (2003). Extracting policy positions from political texts using words as data. The American Political Science Review, 97(2). Advance online publication. https://doi.org/10.1017/S0003055403000698 Search in Google Scholar

Liberti, J. M., & Petersen, M. A. (2019). Information: Hard and soft. The Review of Corporate Finance Studies, 8(1), 1–41. https://doi.org/10.1093/rcfs/cfy009 Search in Google Scholar

Liu, C. H., Nowak, A. D., & Smith, P. S. (2020). Asymmetric or Incomplete Information about asset values? Review of Financial Studies, 33(7), 2898–2936. https://doi.org/10.1093/rfs/hhz096 Search in Google Scholar

Lyons, R. C. (2019). Can list prices accurately capture housing price trends? Insights from extreme markets conditions. Finance Research Letters, 30, 228–232. https://doi.org/10.1016/j.frl.2018.10.004 Search in Google Scholar

Milgrom, P. R. (1981). Good news and bad news: Representation theorems and applications. The Bell Journal of Economics, 12(2), 380–391. https://doi.org/10.2307/3003562 Search in Google Scholar

Miłkowski, M. (2016). Polimorfologik 2.1. https://github.com/morfologik/polimorfologik/releases/tag/2.1 Search in Google Scholar

National Bank of Poland. (2023). Badanie rynku nieruchomości - Instrukcja badania rynku wtórnego (eng. Real estate market research - Secondary market research instructions).Retrieved from https://ssl.nbp.pl/publikacje/rynek_nieruchomosci/Instrukcjabadania-rynku-wtornego-2022.pdf Search in Google Scholar

Nowak, A., & Smith, P. (2017). Textual analysis in real estate. Journal of Applied Econometrics, 32(4), 896–918. https://doi.org/10.1002/jae.2550 Search in Google Scholar

Office for Foreigners. (2023). Obywatele Ukrainy w Polsce – aktualne dane migracyjne (eng. Ukrainian citizens in Poland – current migration data), Retrieved from https://www.gov.pl/web/udsc/obywatele-ukrainy-w-polsce--aktualne-dane-migracyjne Search in Google Scholar

Olszewski, K., Waszczuk, J., & Widłak, M. (2017). Spatial and Hedonic Analysis of House Price Dynamics in Warsaw, Poland. Journal of Urban Planning and Development, 143(3), 04017009. https://doi.org/10.1061/(ASCE)UP.1943-5444.0000394 Search in Google Scholar

Poursaeed, O., Matera, T., & Belongie, S. (2018). Vision-based real estate price estimation. Machine Vision and Applications, 29(4), 667–676. https://doi.org/10.1007/s00138-018-0922-2 Search in Google Scholar

Rosen, S. (1974). Hedonic prices and implicit markets: Product differentiation in pure competition. Journal of Political Economy, 82(1), 34–55. https://doi.org/10.1086/260169 Search in Google Scholar

Rubaszek, M., & Rubio, M. (2020). Does the rental housing market stabilize the economy? A micro and macro perspective. Empirical Economics, 59(1), 233–257. https://doi.org/10.1007/s00181-019-01638-z Search in Google Scholar

Samuelson, P. A. (1938). A Note on the pure theory of consumer’s behaviour. Economica, 5(17), 61. https://doi.org/10.2307/2548836 Search in Google Scholar

Schwarz, G. (1978). Estimating the dimension of a model. Annals of Statistics, 6(2), 461–464. https://doi.org/10.1214/aos/1176344136 Search in Google Scholar

Seo, Y., Im, J., & Mikelbank, B. (2020). Does the written word matter? The role of uncovering and utilizing information from written comments in housing ads. Journal of Housing Research, 29(2), 133–155. https://doi.org/10.1080/10527001.2020.1849929 Search in Google Scholar

Shen, L., & Ross, S. L. (2021). Information value of property description: A machine learning approach. Journal of Urban Economics, 121, 103299. Advance online publication. https://doi.org/10.1016/j.jue.2020.103299 Search in Google Scholar

Shimizu, C., Nishimura, K. G., & Watanabe, T. (2016). House prices at different stages of the buying/selling process. Regional Science and Urban Economics, 59, 37–53. https://doi.org/10.1016/j.regsciurbeco.2016.04.001 Search in Google Scholar

Spence, M. (1973). Job market signaling. The Quarterly Journal of Economics, 87, 355–374. https://doi.org/10.2307/1882010 Search in Google Scholar

Trojanek, R., & Gluszak, M. (2022). Short-run impact of the Ukrainian refugee crisis on the housing market in Poland. Finance Research Letters, 50(103236), 103236. Advance online publication. https://doi.org/10.1016/j.frl.2022.103236 Search in Google Scholar

Trojanek, R., Gluszak, M., Hebdzynski, M. & Tanas, J. (2021). The COVID-19 pandemic, Airbnb and housing market dynamics in Warsaw. Critical Housing Analysis, 8(1), 72–84. https://doi.org/10.13060/23362839.2021.8.1.524 Search in Google Scholar

White, H. (1980). A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica, 48(4), 817–838. https://doi.org/10.2307/1912934 Search in Google Scholar

eISSN:
2300-5289
Idioma:
Inglés
Calendario de la edición:
4 veces al año
Temas de la revista:
Business and Economics, Political Economics, other