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@article{ART001138712},
author={전기석 and Hyun Seok Lee},
title={An Empirical Analysis on Determinants of Office RentsUsing Hierarchical Linear Model in Seoul Metropolitan Area},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2006},
volume={49},
pages={171-184}

TY - JOUR
AU - 전기석
AU - Hyun Seok Lee
TI - An Empirical Analysis on Determinants of Office RentsUsing Hierarchical Linear Model in Seoul Metropolitan Area
JO - The Korea Spatial Planning Review
PY - 2006
VL - 49
IS - null
PB - 국토연구원
SP - 171
EP - 184
SN - 1229-8638
AB - Hedonic Price Function, as the usually used method, to evaluate the office rent has known for having a demerit that it cannot reflect the multi-leveled or nested nature of social science data. Therefore, it is necessary to introduce the new method that can reflect the regional characteristic of the space where offices integrate. This study attempts to analyze the determinants of office rent considering the regional characteristic and to bring up the new methodology for evaluating the office rent by using hierarchical linear model(HLM). As a result of analysis, HLM function proves that the coefficients have the different value as the regional characteristic changes. At the view of the ability to measure the office rent, HLM is more powerful than hedonic price function in spite of the exception of the floor to area ratio variable.
KW - Estimation;Hedonic Price Function;Hierarchical Linear Model;Office Rent
DO -
UR -
ER -

전기석 and Hyun Seok Lee. (2006). An Empirical Analysis on Determinants of Office RentsUsing Hierarchical Linear Model in Seoul Metropolitan Area. The Korea Spatial Planning Review, 49, 171-184.

전기석 and Hyun Seok Lee. 2006, "An Empirical Analysis on Determinants of Office RentsUsing Hierarchical Linear Model in Seoul Metropolitan Area", The Korea Spatial Planning Review, vol.49, pp.171-184.

전기석, Hyun Seok Lee "An Empirical Analysis on Determinants of Office RentsUsing Hierarchical Linear Model in Seoul Metropolitan Area" The Korea Spatial Planning Review 49 pp.171-184 (2006) : 171.

전기석, Hyun Seok Lee. An Empirical Analysis on Determinants of Office RentsUsing Hierarchical Linear Model in Seoul Metropolitan Area. 2006; 49 171-184.

전기석 and Hyun Seok Lee. "An Empirical Analysis on Determinants of Office RentsUsing Hierarchical Linear Model in Seoul Metropolitan Area" The Korea Spatial Planning Review 49(2006) : 171-184.

전기석; Hyun Seok Lee. An Empirical Analysis on Determinants of Office RentsUsing Hierarchical Linear Model in Seoul Metropolitan Area. The Korea Spatial Planning Review, 49, 171-184.

전기석; Hyun Seok Lee. An Empirical Analysis on Determinants of Office RentsUsing Hierarchical Linear Model in Seoul Metropolitan Area. The Korea Spatial Planning Review. 2006; 49 171-184.

전기석, Hyun Seok Lee. An Empirical Analysis on Determinants of Office RentsUsing Hierarchical Linear Model in Seoul Metropolitan Area. 2006; 49 171-184.

전기석 and Hyun Seok Lee. "An Empirical Analysis on Determinants of Office RentsUsing Hierarchical Linear Model in Seoul Metropolitan Area" The Korea Spatial Planning Review 49(2006) : 171-184.