In this paper we have commented on some of the methodological issues in the original paper. We have attempted to clear up confusion relating to the use of factor analysis as an analytical tool for dealing with multicollinearity, and on the use of R2 values for choosing between regression equations. We have also offered a stronger rational for the testing of a hybrid model.
Get full access to this article
View all access options for this article.
References
1.
Alonso, W.( 1964). Location and Land Use. Harvard University Press.
2.
Cubbin, J. (1970). A hedonic approach to some aspects of the Coventry housing market. Warwick Economic Research Papers 14.
3.
Greenberg, E. (1975). Minimum variance properties of principal component regression. J. American Statistical Association, Vol. 70: 194-7.
4.
Hoyt, H. (1939). The Structure and Growth of Residential Neighborhoods in American Cities. Chicago: University of Chicago Press.
5.
Johnston, J. (1972). Econometric Methods. New York : McGraw-Hill.
6.
Kain, J. and Quigley, J. (1970). Measuring the value of housing quality. J. American Statistical Association, Vol. 65: 532-48.
7.
Kendall, M. (1957). A Course in Multivariate Analysis. Aylesbury: Griffin.
8.
Little, J. (1975). Revealed preference in assignment housing markets. Working Paper HMS 5, Institute for Urban and Regional Studies, Washington University.
9.
Muth, R. (1969). Cities and Housing. Chicago : University of Chicago Press.
10.
Richardson, H. (1971) Urban Economics. Harmondsworth : Penguin.
11.
Richardson, H., Vipond, J. and Furbey, R. (1974). Determinants of urban house prices. Urban Studies, Vol. 11: 189-99.
12.
Wilkinson, R. and Archer, C. (1973). Measuring the determinants of relative house prices. EnvironmentalPlanning, Vol. 5: 357-67.
13.
Wingo, L. (1961). Transportation and Urban Land. RFF, Boston: Johns Hopkins Press.
