Subway Opening, Traffic Accessibility, and Housing Prices: A Quantile Hedonic Analysis in Hangzhou, China

Most existing studies empirically investigated the impact of rail transit on housing prices using the traditional hedonic price model, which is based on ordinary least squares (OLS). This method can estimate only the average implicit prices of housing characteristics and may ignore possible heteroge...

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Bibliographic Details
Main Authors: Haizhen Wen, Zaiyuan Gui, Chuanhao Tian, Yue Xiao, Li Fang
Format: Article
Language:English
Published: MDPI AG 2018-06-01
Series:Sustainability
Subjects:
Online Access:http://www.mdpi.com/2071-1050/10/7/2254