The paper deals with the quantification of the ordinal variables in order to apply Hedonic Pricing Method in real estate appraisal. A comparison between two hedonic models has been carried out. Models have been calculated by means of different quantification criteria of the above-mentioned variables. Outstanding structural (introduced variables) and numerical (coefficients values) differences have been highlighted, pointing out the importance of a careful market survey by which a “reasoned” quantification of the qualitative features can be derived.
Prezzo edonico per le stime rurali: la scelta delle variabili qualitative
SARDARO R
Methodology
2009-01-01
Abstract
The paper deals with the quantification of the ordinal variables in order to apply Hedonic Pricing Method in real estate appraisal. A comparison between two hedonic models has been carried out. Models have been calculated by means of different quantification criteria of the above-mentioned variables. Outstanding structural (introduced variables) and numerical (coefficients values) differences have been highlighted, pointing out the importance of a careful market survey by which a “reasoned” quantification of the qualitative features can be derived.File in questo prodotto:
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