One method of evaluating residential lots with a focus on their shape is proposed. A number of axioms are proposed to characterize ‘(super)appropriate’ lot-evaluation functions. Among these axioms, the maximality axiom is essential for cases such as land readjustment projects. It asserts that the evaluation of a lot must be the maximum of the total evaluation of partitioned parts for any partition. This axiom confines general functional forms of lot-evaluation functions such that they behave superadditively. By applying the superadditivity property, we can empirically test the validity of actual lot-evaluation functions.
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