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- W2016558746 abstract "This paper describes a survey of factors that affects residual relocation choices for families who had recently moved onto the Mandurah Railway corridor in Perth, Western Australia. This survey was undertaken using stated preference methods. While stated preference models are appropriate tools for valuating attributes of choice, there remains the concern of realism in an experimentally controlled environment. This paper validates stated preference models using hedonic pricing regressions based on observed real estate prices for three Perth-Mandurah Railway precincts. The results of the regressions are compared to those of the discrete choice models by examining the levels of significance of housing or neighborhood characteristics in each modeling paradigm, as well as a comparison of the closeness of the valuations for these characteristics. The findings indicate that factors that affect residential location are consistent whether observed by experimental data or by revealed choices in the market. From a planning perspective, the results indicate that not only housing features, but also neighborhood characteristics such as proximity to public transport hubs or local schools, affect residential property values." @default.
- W2016558746 created "2016-06-24" @default.
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- W2016558746 date "2011-06-06" @default.
- W2016558746 modified "2023-09-23" @default.
- W2016558746 title "Validating stated preference surveys through the use of hedonic regression models with an application to housing prices around transit oriented developments" @default.
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- W2016558746 doi "https://doi.org/10.2495/ut110261" @default.
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