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    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/73431


    Title: The nonlinear effect of convenience stores on residential property prices: A case study of Taipei,Taiwan
    Authors: 江穎慧
    Chiang, Ying-Hui;Peng, Ti-Ching;Chang, Chi-Oh
    Contributors: 地政系
    Keywords: Convenience store;Hedonic housing analysis;Quantile regression;Taiwan
    Date: 2014-11
    Issue Date: 2015-02-10 18:03:18 (UTC+8)
    Abstract: This paper examines the nonlinear effect of convenience stores on residential property prices. In the light of Andrews`s (1964) argument, this study seeks to advance Rosen`s (1974) hedonic housing analysis by hypothesizing that residents` attitudes towards the accessibility of facilities (i.e. convenience stores), which is attributed to the compactness of supply of the services they are interested in accessing while on the move, may further have impact on local property prices.The application of Koenker and Bassett`s (1978) quantile regression on the property data of Taipei found that ‘availability’ of convenience store is positively related to low-quantile property prices, while ‘density’ demonstrates a nonlinear effect – positively related to low-quantile property prices but negatively related to high-quantile property prices. The residents in the neighbourhoods with lower-priced property may prefer accessibility to convenience stores where they can complete multiple tasks in one go, while those in the neighbourhoods with higher-priced property may be more mobile to access convenience stores in other suburbs en route from one place to another.
    Relation: Habitat International, 46, 82-90
    Data Type: article
    DOI link: http://dx.doi.org/10.1016/j.habitatint.2014.10.017
    DOI: 10.1016/j.habitatint.2014.10.017
    Appears in Collections:[Department of Land Economics] Periodical Articles

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