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1 – 10 of over 19000The purpose of the paper is to verify whether the version of neighbourhoods created from the lowest geographical level improve a predictive accuracy of hedonic model in comparison…
Abstract
Purpose
The purpose of the paper is to verify whether the version of neighbourhoods created from the lowest geographical level improve a predictive accuracy of hedonic model in comparison with those based on upper geographical levels.
Design/methodology/approach
The paper proposes a method for defining neighbourhoods using Thiessen polygons. The clustering technique is based on fuzzy equality. Clustering is started at different geographical levels: municipalities, traffic analysis zones, and apartment blocks' Thiessen polygons. Delineated neighbourhoods are incorporated into hedonic model of apartment prices, the applied methodologies are ordinary least squares and spatial error.
Findings
With ordinary least squares regression, the slight superiority of Thiessen polygons is found in both in‐sample analysis and ex‐sample prediction. With spatial error technique, the clusters of Thiessen polygons do not always provide the best outcome, and their superiority is contested by the highest geographical level of municipalities.
Research limitations/implications
This paper is the first attempt to apply the proposed method, which not always demonstrates clear superiority. In future study, the method of neighbourhood delineation could be used in combination with market segmentation.
Practical implications
The proposal to use Thiessen polygons as a transition from points to continuous space can outline a base for the use of different clustering techniques, which are applicable to delineate neighbourhoods in housing market studies, in particular for the assessment purpose. The fuzzy equality clustering algorithm itself can be applied to polygonal data.
Originality/value
The originality of the proposed method is that it defines neighbourhoods starting from individual observations applying fuzzy equality. Its advantages are an increased independence from existing boundaries, self‐determination of a number of clusters, and total coverage of an area.
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Carlos Rosa-Jiménez, María José Márquez-Ballesteros, Alberto E. García-Moreno and Daniel Navas-Carrillo
This paper seeks to define a theoretical model for the urban regeneration of mass housing areas based on citizen initiative, self-management and self-financing in the form of the…
Abstract
Purpose
This paper seeks to define a theoretical model for the urban regeneration of mass housing areas based on citizen initiative, self-management and self-financing in the form of the neighbourhood cooperative. This paper aims to identify mechanisms for economic resource generation that enable the improvement of the urban surroundings and its buildings without assuming disproportionate economic burdens by the local residents based on two principles, the economies of scale and service provision.
Design/methodology/approach
The research is structured in three phases: a literature review of the different trends in self-financing for urban regeneration and the conceptual framework for the definition of a cooperative model; the definition of theoretical model by analysing community ecosystem, neighbourhood-based services and the requirements for its economic equilibrium; and the discussion of the results and the conclusions.
Findings
The results show the potential of the cooperative model to generate a social economy capable of reducing costs and producing additional resources to finance the rehabilitation process. The findings show not only the extent of economic advantages but also multiple social, physical and environmental benefits. Its implementation involves the participation of multiple actors, which is one of its significant advantages.
Originality/value
The main contribution is to approach comprehensive urban rehabilitation from a collaborative understanding, overcoming the main financing difficulties of the current practices based on public subsidy policies. The model also allows an ethical relationship to be built with supplier companies by means of corporate social responsibility.
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The purpose of the study is to introduce modeling of common neighborhood amenities as packages, rather than as separate independent variables in a single model. Results from the…
Abstract
Purpose
The purpose of the study is to introduce modeling of common neighborhood amenities as packages, rather than as separate independent variables in a single model. Results from the standard modeling technique of including separate controls for each amenity are provided for comparison. A secondary purpose is to provide price and time‐on‐market implications for amenities in seasoned versus newly constructed properties.
Design/methodology/approach
Common neighborhood amenities are grouped according to the total amenity bundle offered by each neighborhood. Hedonic pricing, hazard modeling, and two‐stage least squares regression are used to estimate price and time‐on‐market impacts for six common amenities.
Findings
Neighborhood tennis courts, clubhouses, boating facilities, and golf courses, as well as several amenity packages, significantly impact property values. Valuation of particular amenity packages differs between newly constructed and seasoned homes. Time‐on‐market results are less convincing.
Research limitations/implications
Neighborhood amenities considered separately can produce misleading results, so amenity packages should be included in future research. Specific numerical results would not apply to other markets and perhaps not to other time periods.
Practical implications
The study offers evidence regarding which neighborhood amenities are valued most highly in newly constructed properties, which is of interest to developers. The study also offers evidence on which amenities are valued more highly in seasoned properties, which is of interest to buyers due to concerns about re‐sale values.
Originality/value
The study offers the first grouping of neighborhood amenities into packages to more closely resemble the way buyers consider amenities during the purchase decision. The study is also the first comprehensive survey of commonly‐offered neighborhood amenities.
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Sherif Roubi and Ashraf Ghazaly
The purpose of this paper is to focus on inter‐neighbourhood variation in the rental apartment market in Greater Cairo, Egypt, and its potential influence on property prices and…
Abstract
Purpose
The purpose of this paper is to focus on inter‐neighbourhood variation in the rental apartment market in Greater Cairo, Egypt, and its potential influence on property prices and performance of hedonic pricing models.
Design/methodology/approach
The paper delves into the issue of whether comparables from different neighbourhoods are homogeneous enough to be aggregated in hedonic pricing models. This paper extends the research on rental‐property market segmentation by investigating the existence of apartment submarkets determined by neighbourhoods.
Findings
Results show that parameters are unstable across neighbourhoods and Chow test provides further support for utilising spatial hedonic pricing models.
Originality/value
This paper provides further support for spatial hedonic pricing models using empirical evidence from Greater Cairo, Egypt. The paper finds that explanatory and predictive powers of hedonic pricing models are improved when separate hedonic equations are estimated for each neighbourhood in Greater Cairo. The paper does not provide an elaborate solution for implementing spatial models in Greater Cairo but rather supports the notion that one has to be developed.
The relationship between religious belief and spousal choice in Nepal is examined, looking at how the importance that individuals place on their own religious faith influences…
Abstract
The relationship between religious belief and spousal choice in Nepal is examined, looking at how the importance that individuals place on their own religious faith influences their decision either to allow their parents and other relatives to arrange a marriage for them or to initiate their own love marriage. How the importance attached to religious faith within the individual’s family and neighborhood affects this decision, and how education modifies the relationship between religion and spousal choice are also looked at.
Ordinary least squares regression models are used to examine the relationship between spousal choice and key independent variables. Interaction terms are used to examine how education may moderate the relationship between personal, family, and neighborhood religious salience and spousal choice.
It is found that the effect of one’s neighbors’ faith operates differently based on one’s own level of education. The “moral communities” thesis is used to theorize that in neighborhoods where religion is regarded as very important, individuals need to expend more effort to maintain respectability, adhering to tradition by having arranged marriages. In neighborhoods where religion is less important, the weaker demands made by the “moral community” render individuals more free to choose their own spouses. For highly educated individuals, the effect of their neighbors’ religious belief is considerably reduced.
As Nepalis become more educated, they not only move out of the sphere of family influence, as discussed in previous research, but also away from being influenced by their neighbors.
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Mengyan Dai and Richard R. Johnson
The purpose of this study is to examine individual‐level and community‐level models of citizen satisfaction with the police with particular focus on the effects of citizen race…
Abstract
Purpose
The purpose of this study is to examine individual‐level and community‐level models of citizen satisfaction with the police with particular focus on the effects of citizen race and community context.
Design/methodology/approach
Using data collected in a 1997 telephone survey of citizens in Cincinnati, Ohio, this study examines citizen satisfaction with the police with hierarchical linear modeling techniques. The sample includes 614 surveys in 29 neighborhoods.
Findings
Results show that citizen race becomes an insignificant factor when neighborhood context is examined simultaneously in the hierarchical model. In addition, prior negative contacts and perceived lower quality of life are strong factors reducing the level of citizen satisfaction.
Research limitations/implications
This study examines citizen satisfaction with the police in only one city, and therefore, more research is needed to investigate the role of city context.
Practical implications
There are a number of ways for police agencies to improve citizen satisfaction. The results suggest that reducing unprofessional police conduct and improving neighborhood conditions are effective strategies.
Originality/value
This study comprehensively examines different perspectives of citizen satisfaction with the police in a hierarchical model. It adds empirical evidence to the issue of race effects on citizen satisfaction in different neighborhoods.
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Policing differs across neighborhoods, but little is known about how context conditions residents’ assessments about police legitimacy. The purpose of this paper is to investigate…
Abstract
Purpose
Policing differs across neighborhoods, but little is known about how context conditions residents’ assessments about police legitimacy. The purpose of this paper is to investigate whether procedural justice and police effectiveness differently contribute to legitimacy judgments depending on the security risk inherent in the context.
Design/methodology/approach
The research applies a series of multi-level regression models using nearly 3,000 surveys of Trinidad and Tobago residents.
Findings
Police legitimacy and the conditions that promote legitimacy vary across neighborhoods. In “good” neighborhoods, individuals draw on police effectiveness and procedural justice to infer legitimacy, but in at-risk neighborhoods, residents’ views derive from effectiveness. Procedural justice does not play a significant role.
Practical implications
One implication for police is that the current emphasis on evidence-based policing strategies, especially in high crime neighborhoods, can provide a mechanism to improve the generally negative views about police legitimacy held by those residents. The findings do not imply, however, that police need not be concerned about procedural justice in at-risk neighborhoods. In fact, as police improve their crime prevention prowess, views about how procedurally just their methods are increase in importance.
Originality/value
Prior research addressing the antecedents of legitimacy has focused on individual demographic and attitudinal predictors. Only two prior studies have begun to investigate whether residents of different contexts may form their views based on different antecedents. This study outlines a theoretical basis for why different bases may be expected and then tests those expectations using rigorous statistical analyses.
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Paul Bidanset, Michael McCord, Peadar Davis and Mark Sunderman
The purpose of this study is to enhance the estimation of vertical and horizontal inequity within property valuation. Property taxation is a crucial source of finance for local…
Abstract
Purpose
The purpose of this study is to enhance the estimation of vertical and horizontal inequity within property valuation. Property taxation is a crucial source of finance for local government around the world – based on a presumptive tax base underpinned by estimates of property value, inaccurate real estate valuations used for such ad valorem or value-based property tax calculations potentially lead to a variety of costs, both financial and other, for tax payers and governments alike. More common are increased costs in time, staff and, in some cases, legal fees. Some governments are even bound by acceptability thresholds to promote fairness, equitability and overall government accountability with respect to valuation.
Design/methodology/approach
There exist a number of vertical inequity measurements that have undergone academic testing and scrutiny within the property tax industry since the 1970s. While these approaches have proved successful in detecting horizontal and vertical inequity, one recurring disadvantage pertains to measurement error/omitted variable bias, stemming largely from a failure to accurately account for location. A natural progression within property tax research is the application of a more spatially local weighted modelling approach to examine vertical and horizontal inequity. This research, therefore, specifies a geographically weighted regression (GWR) methodology to detect and measure vertical inequity in property valuations.
Findings
The findings show the efficacy of using more applied spatial approaches for vertical tax estimation and indeed the limitations of employing conditional mean estimates coupled with delineated boundaries for assessing property tax inequity. The GWR model findings highlight the more fluctuating nature of vertical inequity across the Belfast market for the apartment sector both in a progressive and regressive sense and at different magnitudes. Moreover, the results reveal spatial clustering in the effects and are indicative of systematic inequities related to location inferring that spatial (horizontal) tax inequities are not random. The findings further show increased GWR model predictability overall.
Originality/value
This research adds to the existing literature base for evaluating both vertical and horizontal inequity in value-based property taxation at the intra-neighbourhood level. This is accomplished by modifying the Birch–Sunderman approach by transforming the traditional OLS model architecture to a GWR model, thereby allowing coefficient estimates of inequity to vary not only across a jurisdiction, but also at a more local level, while incorporating property characteristic variables. This arguably allows assessors to identify specific geographical areas of concern, saving them money, time and resources on identifying, addressing and correcting for inequity.
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William J. McCluskey and Richard A. Borst
The purpose of this research is to explore from a mass appraisal perspective how the effects of location are reflected within valuation models. The paper sets out to detail the…
Abstract
Purpose
The purpose of this research is to explore from a mass appraisal perspective how the effects of location are reflected within valuation models. The paper sets out to detail the various techniques and the efficacy of their application.
Design/methodology/approach
The approach adopted is analytical and based upon the development of locational attributes. An extensive literature base is synthesized with methods being evaluated in their application to mass appraisal.
Findings
This research has identified that the three main groups interested in residential property valuation, namely, academia, industry and commerce have to a certain extent been unfamiliar with the research developments occurring in the other groups. The impact of this is important, given the need for integration and collaboration in terms of future model development.
Research limitations/implications
The research underpinning this paper will provide a solid basis for further research into this area. The importance of measuring the effect that location has on value is of major significance in the determination of objective estimates of property value.
Practical implications
Those within the assessment community could be described as pragmatists working in a situation that requires feasible and suitable solutions to the problem of measuring location value. It is our contention that the third generation techniques of spatially varying parameter models and spatial autocorrelation models will require greater industry verification before their use becomes more widely accepted.
Originality/value
This paper provides a detailed analysis of methodologies used to reflect the value of location over the last 50 years. The debate is taken forward by describing what will be the contribution to the development of the next generation of location‐specific modeling techniques.
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Elif Kutay Karacor and Gozde Parlar
The decline in neighbourhoods resulting from globalization and technology, which trigger high rise buildings, has been discussed by several disciplines. Changes in life styles…
Abstract
The decline in neighbourhoods resulting from globalization and technology, which trigger high rise buildings, has been discussed by several disciplines. Changes in life styles destroy not only traditional neighbourhoods but also open spaces. This situation leads to a decrease in both collective efficacy and neighbourhood attachment. Place attachment would play an important role in overcoming fear of crime and low security perception, which are the most substantial social problems of today's cities. Therefore, it is important that urban designers, architects and landscape architects develop design policies that contribute to place attachment. The aim of this study is to develop models that explain neighbourhood attachment by collective efficacy, open space quality and socio-demographic variables. Kuzguncuk neighbourhood was chosen as a study area because of its unique character, socio-cultural diversity and the collective power that is due to the various social groups in the neighbourhood. This study seeks to answer the following question: Do open space quality, collective efficacy and socio-demographic factors predict neighbourhood attachment? We examined whether attachment to a neighborhood is associated with collective power and perception of open space quality by inhabitants. Therefore, neighbourhood attachment and its predictors were studied in this specific neighbour-hood. Face to face interviews were conducted with 313 inhabitants using a stratified sampling method. Descriptive statistics and hierarchical linear modelling analyses were used to predict neighbourhood attachment. We found that collective efficacy, open space quality, place of birth and length of residence were predictors of neighbourhood attachment. Therefore, to prevent social problems, such as fear of crime, low security perception, loneliness and segregation, policy makers, designers, planners and social scientists should focus on neighbourhoods that have small communities. In conclusion, the quality perception of open spaces should be considered to increase neighbourhood attachment, and inhabitants should be encouraged to use public spaces in which social ties can develop.
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