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Evaluating the Influences of Geocoding Methods on the Parameter Estimates of a Hedonic Apartment Price Function

Chul Sohn 1

1강릉원주대학교

Candidate

ABSTRACT

This paper investigates the influences of two different types of geocoding methods on the size of a hedonic parameter estimate related with subway station accessibility by using Seoul's apartment housing market data. Results show that the size of the parameter estimate indeed varies around 35% to 53% between two different geocoding methods. Results suggest that readers of housing market studies using hedonic apartment price functions should pay attention to geocoding methods used in the studies of interest when she or he wants to compare the results of the studies mutually.

Citation status

* References for papers published after 2022 are currently being built.