By their nature, UBWs are building works that are constructed without prior approval and consent from the government. A hedonic price model is developed to assess the market value of building safety.
A new method predicts rents with high accuracy by adding variables of streetscape components and neighborhood perceptions to an existing hedonic price model.
This paper estimates the hedonic price function from January 1996 to October 2019 using POS data of TVs, air conditioners, refrigerators, rice cookers, vacuum cleaners, and washing machines. While ...