The Influence of Reference Group House Size on House Price
研究不同参照群体住房面积变化对房价的影响，发现最近邻居和大户型住房面积增加会降低房价，而较远邻居和小户型住房面积增加则提升房价，揭示了“嫉妒效应”与“沾光效应”的差异。
This article examines the effect of a change in housing consumption of various reference groups on predicted own house price. I employ a spatial autoregressive model and find that an increase in average house size of the eight nearest neighbors and the largest houses in the district has a negative effect on predicted house price, whereas the effect of an increase in average house size of the further neighbors (9th through 16th neighbors) and the smallest houses in the district on predicted house price is positive. This suggests that the “envy effect” dominates with respect to the nearest and largest neighbors, whereas the “basking in the reflected glory” effect dominates with respect to the further smallest neighbors.