COMPARISON BETWEEN TRADITIONAL HEDONIC PRICE MODEL AND REID HEDONIC PRICE MODEL (CASE STUDY OF URBAN REGIONSOF HAMEDAN PROVINCE)

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GHOLIZADEH ALI AKBAR; BEHBUDI DAVOOD; SHOKARIAN EHSAN

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Journal: Journal of Quantitative Economics Year:2010 | Volume:7 | Issue:2 (25) Page(s): 119-147

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Title

COMPARISON BETWEEN TRADITIONAL HEDONIC PRICE MODEL AND REID HEDONIC PRICE MODEL (CASE STUDY OF URBAN REGIONSOF HAMEDAN PROVINCE)

Author(s)

GHOLIZADEH ALI AKBAR | BEHBUDI DAVOOD | SHOKARIAN EHSAN | Issue Writer Certificate

Keywords

REID HEDONIC PRICE MODELQ3

HOUSING PRICEQ2

HAMEDAN PROVINCEQ2

Abstract

This study identify effective factors on HOUSING PRICE at urban regions of HAMEDAN PROVINCE. Between different models, Hedonic Model was used. In traditional model of hedonic price, structural characteristics of dwelling unit and also environmental and neighborhood characteristics for estimating of house price is spotted. Model of this study is Reid suggested model. This model also considers owners and buyers characteristics of dwelling units.On the basis of determination coefficient Reid Model is better in comparison with traditional hedonic model. Reid Model is estimated for owners and tenants separately. Results of this study shows that quality of housing services such as land area, number of rooms, kinds of skeleton (metal or brick), annual fixes, package and lift are effective and significant. Demographic variables such as age, sex, level of education and marriage position of owners are important too.

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APA: Copy

GHOLIZADEH, ALI AKBAR, BEHBUDI, DAVOOD, & SHOKARIAN, EHSAN. (2010). COMPARISON BETWEEN TRADITIONAL HEDONIC PRICE MODEL AND REID HEDONIC PRICE MODEL (CASE STUDY OF URBAN REGIONSOF HAMEDAN PROVINCE). JOURNAL OF QUANTITATIVE ECONOMICS (QUARTERLY JOURNAL OF ECONOMICS REVIEW), 7(2 (25)), 119-147. SID. https://sid.ir/paper/110772/en

Vancouver: Copy

GHOLIZADEH ALI AKBAR, BEHBUDI DAVOOD, SHOKARIAN EHSAN. COMPARISON BETWEEN TRADITIONAL HEDONIC PRICE MODEL AND REID HEDONIC PRICE MODEL (CASE STUDY OF URBAN REGIONSOF HAMEDAN PROVINCE). JOURNAL OF QUANTITATIVE ECONOMICS (QUARTERLY JOURNAL OF ECONOMICS REVIEW)[Internet]. 2010;7(2 (25)):119-147. Available from: https://sid.ir/paper/110772/en

IEEE: Copy

ALI AKBAR GHOLIZADEH, DAVOOD BEHBUDI, and EHSAN SHOKARIAN, “COMPARISON BETWEEN TRADITIONAL HEDONIC PRICE MODEL AND REID HEDONIC PRICE MODEL (CASE STUDY OF URBAN REGIONSOF HAMEDAN PROVINCE),” JOURNAL OF QUANTITATIVE ECONOMICS (QUARTERLY JOURNAL OF ECONOMICS REVIEW), vol. 7, no. 2 (25), pp. 119–147, 2010, [Online]. Available: https://sid.ir/paper/110772/en

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