Dwelling Attribute Forecasts Based on Land Residual Maximization
从土地所有者视角出发，利用隐含市场方法建模住宅开发的最优用途，通过土地剩余价值最大化预测地块的最佳住宅类型，实证表明区位属性可提供合理预测。
This paper uses an implicit market approach to model the highest and best use concept when applied to single-family residential development. Formulated from the landowner's perspective, this persistence forecasting model relies on the theory that the marginal product of a site, as determined by its locational traits, varies with each alternative dwelling type. The dwelling attribute bundle that maximizes its site's marginal product, as measured by the resultant land residual value, becomes that site's "best" use. The empirical results indicate a site's locational attributes can provide reasonable dwelling type forecasts.