@article{c699a224a434412f9ffd9f94b8d8d3cb,
title = "More Reliable Land Price Index: Is There a Slope Effect?: Is there a slope effect?",
abstract = "This paper focuses on the physical attributes of land that intrinsically limit land use and possibly affect land values. In particular, we investigate if the slope of a land does decrease its price and investigate the role of land slope in forming more reliable constant-quality land price indices and aggregate house price indices. We find that, while land slopes do decrease the land price per unit, they have a small effect on the quality-adjusted land price indices in selected neighborhoods in Auckland, New Zealand, where sloped terrain is common.",
keywords = "Builder{\textquoteright}s model, Decomposition, Land price index, Land slope, Slope discount",
author = "Yi Huang and Geoffrey Hewings",
note = "Funding Information: Acknowledgments: We gratefully acknowledge the financial support of Jiarong Stella Qian in the acquisition of the data. We are very grateful to Erwin Diewert, Anil Bera, Daniel McMillen, and Sandy Dall{\textquoteright}erba for their helpful comments. We would also like to thank Md Shakil Bin Kashem, Haozhi Pan, and Si Chen for ArcGIS support. This paper has also benefited from comments by participants at the Regional Economics Applications Laboratory (REAL) seminars and comments by the anonymous reviewers. The responsibility for any errors is entirely our own. Publisher Copyright: {\textcopyright} 2021 by the authors. Licensee MDPI, Basel, Switzerland. Copyright: Copyright 2021 Elsevier B.V., All rights reserved.",
year = "2021",
month = mar,
doi = "10.3390/land10030261",
language = "English (US)",
volume = "10",
pages = "1--24",
journal = "Land",
issn = "2073-445X",
publisher = "Multidisciplinary Digital Publishing Institute (MDPI)",
number = "3",
}