A hedonic model comparison for residential land value analysis

Distantial attenuation is a significant characteristic of the urban environment. In this paper we explore the relative contributions of different land uses to the urban residential environment according to distances with an analysis on the most significant scope of these factors. Two types of models are developed. One employs the distance to city center, main road, public facilities and environment factors as the variables for macro environment analysis, and the another one includes all factors to analyze the influences of the micro environment. In the models of the latter type, the contributions of the neighboring land uses are magnified with a specially designed variable measurement scheme in which variables are evaluated specially for each model so that the contributions of the variables become comparable from model to model. With an application to the case study of Danyang, China, we measure the distantial functions of the urban environment (e.g. the surrounding land uses) including both the most influential scopes and the relative contributions by means of model summary and regression coefficient comparisons. Finally, case comparison on the samples is introduced to figure out the difference of the functions under micro environment.