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- W2391285132 abstract "Through equilibrium hedonic pricing modeling the shape of envelop curve,it shows that marginal price shift from decreasing to increasing with rise of a factor,i.e.equilibrium price function is first concave and then convex to the quantity axis.Using two sub-sample of Shenzhen residential market,hedonic empirical study shows the above trend with respect to unit size.This indicates the preference for large units influenced by income and investment.It means that a residential unit could be separated into shelter and investment components on size.The divide point is the turning point of hedonic price function from concave to convex to the X-axis.The convex indicates buyers are willing to pay higher marginal price to obtain larger unit.This implies the convex price function has space to offset negative impact caused by external factor like property tax." @default.
- W2391285132 created "2016-06-24" @default.
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- W2391285132 date "2011-01-01" @default.
- W2391285132 modified "2023-09-25" @default.
- W2391285132 title "Hedonic Analysis of Price Elasticity of Housing Demand:The Case of Housing Market in Shenzhen" @default.
- W2391285132 hasPublicationYear "2011" @default.
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