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11 results on '"Schwann, Gregory M."'

8. The asset approach to pricing urban land: empirical evidence

Author

Capozza, Dennis R., Schwann, Gregory M., and Case, Karl E.

Subjects
Real estate development -- Finance, Housing -- Prices and rates, Urban land use -- Models, City planning -- Economic aspects, Business, Real estate industry
Published
1989

10. Do high voltage transmission lines affect property value?

Author

Hamilton, Stanley W. and Schwann, Gregory M.

Subjects
HIGH voltages, DWELLINGS, ELECTRIC lines, VALUATION, HOME prices, HOUSE construction, HETEROSCEDASTICITY, EXTERNALITIES
Abstract

This paper empirically analyzes the impact of high voltage (defined as 69,000 volts or greater) electric transmission lines on the prices of nearby single detached houses. The study demonstrates the importance of using the correct function specification and correcting for (commonly found) heteroscedasticity. We find the electric transmission lines do have an effect on property value, but such effects are restricted to a narrow band and are primarily due to the visual externalities of the transmission towers. [ABSTRACT FROM AUTHOR]

Published
1995
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