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Real estate researchers have suggested that the law of diminishing marginal utility applies not only to consumption of property but to the characteristics of the properties consumed as well. Employs a unique data set to empirically model the functional form of the price effects of marginal...
UK government policy regarding the clean‐up of contaminated land favours treatments which are appropriate to the actual or proposed use of the land. This suitable‐for‐use approach predicates against the total removal of contaminated soil and in favour of in situ remedies. Any in situ treatment,...
The Australian Institute of Valuers and Land Economists Incorporated introduced a mandatory discounted cash flow practice standard on 1 September 1996. Reviews the new standard, highlighting the strengths and weaknesses. Offers early constructive commentary for the refinement of the standard at...
Attempts to analyse the importance of transportation in determining house prices in Hong Kong. Residential property is sold as a package of inherent attributes that are valued by consumers and this analysis classifies them into the following categories: structural, physical and environmental....
Compares the predictive performance of artificial neural networks to hedonic pricing models, a more traditional valuation tool. The results document similar predictive performance evidenced from both techniques, which contradicts some of the earlier studies which support a position of artificial...
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