Out of Sight, Out of Mind? Using GIS to Incorporate Visibility in Hedonic Property Value Models
利用GIS数据构建周边土地覆盖特征的可见性变量，研究其对农村/郊区住宅价格的影响，发现可见性是价格的重要决定因素，忽略它会导致其他环境变量的显著性判断错误。
<i>This paper uses GIS data to develop variables representing the physical extent and visibility of surrounding land use/cover features in a hedonic model of a rural/suburban residential housing market. Three equations are estimated to determine if views affect property prices and, further, if omission of visibility variables leads to omitted variable biases. To improve efficiency, first-order spatial autoregressive models are estimated. Results indicate that the visibility measures are important determinants of prices and that their exclusion may lead to incorrect conclusions regarding the significance and signs of other environmental variables.</i>