Changes in risk appreciation, and short memory of house buyers when the market is hot, a case study of Christchurch, New Zealand

References

• Atkinson, J., Crampton, P., & Salmond, C. (2019). NZDep2018 Index of Deprivation, Interim Research Report. Wellington: University of Otago.
   Google Scholar
• Bajari, P., & Benkard, C. L. (2005). Demand estimation with heterogeneous consumers and unobserved product characteristics: A hedonic approach. Journal of Political Economy, 113(6), 1239–1276. https://doi.org/10.1086/498586
   Web of Science ®Google Scholar
• Berry, S., Levinsohn, J., & Pakes, A. (1995). Automobile prices in market equilibrium. Econometrica, 63(4), 841–890. https://doi.org/10.2307/2171802
   Web of Science ®Google Scholar
• Bishop, K. C., Kuminoff, N. V., Banzhaf, H. S., Boyle, K. J., von Gravenitz, K., Pope, J. C., Smith, V. K., & Timmins, C. D. (2020). Best practices for using hedonic property value models to measure willingness to pay for environmental quality. Review of Environmental Economics and Policy, 14(2), 260–281. https://doi.org/10.1093/reep/reaa001
   Web of Science ®Google Scholar
• Dubin, R. A. (1992). Spatial autocorrelation and neighborhood quality. Regional Science and Urban Economics, 22(3), 433–452. https://doi.org/10.1016/0166-0462(92)90038-3
   Web of Science ®Google Scholar
• Dunker, F., Mendoza, E., & Reale, M. (2021). Regularized maximum likelihood estimation for the random coefficients model. arXiv:2104.08402.
   Google Scholar
• Filippova, O., & Rehm, M. (2011). The impact of proximity to cell phone towers on residential property values. International Journal of Housing Markets and Analysis, 4(3), 244–267. https://doi.org/10.1108/17538271111153022
   Google Scholar
• Fletcher, M., Gallimore, P., & Mangan, J. (2000). Heteroscedasticity in hedonic house price models. Journal of Property Research, 17(2), 93–108. https://doi.org/10.1080/095999100367930
   Google Scholar
• Gibson, J., Sabel, C., Boe-Gibson, G., & Kim, B. (2007). House prices and school zones: Does geography matter? Spatial Econometrics Association conference, Cambridge.
   Google Scholar
• Goodman, A. C., & Thibodeau, T. G. (1995). Age-related heteroskedasticity in hedonic house price equations. Journal of Housing Research, 25–42.
   Google Scholar
• Greenaway McGrevy, R., Pacheco, G., & Sorensen, K. (2021). The effect of upzoning on house prices and redevelopment premiums in Auckland, New Zealand. Urban Studies, 58(5), 959–976. https://doi.org/10.1177/0042098020940602
   Web of Science ®Google Scholar
• Helbich, M., Brunauer, W., Vaz, E., & Nijkamp, P. (2014). Spatial heterogeneity in hedonic house price models: The case of Austria. Urban Studies, 51(2), 390–411. https://doi.org/10.1177/0042098013492234
   Web of Science ®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
   Web of Science ®Google Scholar
• Lieske, S. N., van den Nouwelant, R., Han, J. H., & Pettit, C. (2021). A novel hedonic price modelling approach for estimating the impact of transportation infrastructure on property prices. Urban Studies, 58(1), 182–202. https://doi.org/10.1177/0042098019879382
   Web of Science ®Google Scholar
• Limsombunchai, V. (2004). House price prediction: Hedonic price model vs. artificial neural network. New Zealand agricultural and resource economics society conference, Blenheim, New Zealand (pp. 25–26). https://doi.org/10.22004/ag.econ.97781
   Google Scholar
• McClay, S., & Harrison, R. (2003). The impact of schooling zoning on residential house prices in christchurch. Annual conference of the New Zealand Association of Economists.
   Google Scholar
• Mendoza, E., Dunker, F., & Reale, M. (2021). Nonparametric estimation of the random coefficients model in python. arXiv:2108.03582.
   Google Scholar
• Palmquist, R. B. (2005). Chapter 16 property value models. In K.-G. Mler & J. R. Vincent (Eds.), Valuing Environmental Changes, volume 2 of Handbook of Environmental Economics (pp. 763–819). Elsevier.
   Google Scholar
• Rehm, M., & Filippova, O. (2008). The impact of geographically defined school zones on house prices in New Zealand. International Journal of Housing Markets and Analysis, 1(4), 313–336. https://doi.org/10.1108/17538270810908623
   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
   Web of Science ®Google Scholar