{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,9,29]],"date-time":"2026-09-29T05:40:39Z","timestamp":1790660439520,"version":"4.1.0"},"reference-count":32,"publisher":"Wiley","issue":"3","license":[{"start":{"date-parts":[[2014,2,27]],"date-time":"2014-02-27T00:00:00Z","timestamp":1393459200000},"content-version":"vor","delay-in-days":0,"URL":"http:\/\/onlinelibrary.wiley.com\/termsAndConditions#vor"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["J of Applied Econometrics"],"published-print":{"date-parts":[[2015,4]]},"abstract":"<jats:title>Summary<\/jats:title><jats:p>This paper estimates a hedonic housing model based on flats sold in the city of Paris over the period 1990\u20132003. This is done using maximum likelihood estimation, taking into account the nested structure of the data. Paris is historically divided into 20 <jats:italic>arrondissements<\/jats:italic>, each divided into four <jats:italic>quartiers<\/jats:italic> (quarters), which in turn contain between 15 and 169 blocks (<jats:italic>\u00eelot<\/jats:italic>, in French) per <jats:italic>quartier<\/jats:italic>. This is an unbalanced pseudo\u2012panel data containing 156,896 transactions. Despite the richness of the data, many neighborhood characteristics are not observed, and we attempt to capture these neighborhood spillover effects using a spatial lag model. Using likelihood ratio tests, we find significant spatial lag effects as well as significant nested random error effects. The empirical results show that the hedonic housing estimates and the corresponding marginal effects are affected by taking into account the nested aspects of the Paris housing data as well as the spatial neighborhood effects.Copyright \u00a9 2014 John Wiley &amp; Sons, Ltd.<\/jats:p>","DOI":"10.1002\/jae.2377","type":"journal-article","created":{"date-parts":[[2014,2,27]],"date-time":"2014-02-27T05:25:17Z","timestamp":1393478717000},"page":"509-528","source":"Crossref","is-referenced-by-count":37,"title":["Hedonic Housing Prices in Paris: An Unbalanced Spatial Lag Pseudo\u2010Panel Model with Nested Random Effects"],"prefix":"10.1002","volume":"30","author":[{"given":"Badi H.","family":"Baltagi","sequence":"first","affiliation":[{"name":"Syracuse University, Syracuse, NY, USA and University of Leicester  Leicester UK"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Georges","family":"Bresson","sequence":"additional","affiliation":[{"name":"Universit\u00e9 Paris II Sorbonne Universit\u00e9s  Paris France"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Jean\u2010Michel","family":"Etienne","sequence":"additional","affiliation":[{"name":"Universit\u00e9 Paris\u2012Sud 11  Sceaux France"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2014,2,27]]},"reference":[{"key":"e_1_2_8_2_1","doi-asserted-by":"publisher","DOI":"10.1007\/978-94-015-7799-1"},{"key":"e_1_2_8_3_1","first-page":"237","volume-title":"Handbook of Applied Economic Statistics","author":"Anselin L","year":"1998"},{"key":"e_1_2_8_4_1","doi-asserted-by":"publisher","DOI":"10.1007\/978-3-540-75892-1_19"},{"key":"e_1_2_8_5_1","doi-asserted-by":"publisher","DOI":"10.1016\/S0304-4076(00)00086-5"},{"key":"e_1_2_8_6_1","doi-asserted-by":"publisher","DOI":"10.1016\/0304-4076(93)90108-H"},{"key":"e_1_2_8_7_1","first-page":"435","volume-title":"Handbook of Empirical Economics and Finance","author":"Baltagi BH","year":"2011"},{"key":"e_1_2_8_8_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jue.2010.08.007"},{"key":"e_1_2_8_9_1","doi-asserted-by":"publisher","DOI":"10.1016\/S0304-4076(00)00089-0"},{"key":"e_1_2_8_10_1","doi-asserted-by":"publisher","DOI":"10.1081\/ETC-120014347"},{"key":"e_1_2_8_11_1","doi-asserted-by":"publisher","DOI":"10.1016\/0166-0462(92)90039-4"},{"key":"e_1_2_8_12_1","volume-title":"Oxford Handbook of Panel Data","author":"Chudik A","year":"2013"},{"key":"e_1_2_8_13_1","unstructured":"DavidA DubujetF Gouri\u00e9rouxC Laferr\u00e8reA.2002.Les indices de prix des logements anciens INSEE M\u00e9thodes No.\u200998 Paris."},{"key":"e_1_2_8_14_1","doi-asserted-by":"publisher","DOI":"10.1016\/0166-0462(92)90038-3"},{"key":"e_1_2_8_15_1","doi-asserted-by":"publisher","DOI":"10.1023\/A:1008690521599"},{"key":"e_1_2_8_16_1","doi-asserted-by":"publisher","DOI":"10.1177\/0160017603253791"},{"key":"e_1_2_8_17_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jpubeco.2009.10.009"},{"key":"e_1_2_8_18_1","doi-asserted-by":"publisher","DOI":"10.1177\/0042098008091490"},{"key":"e_1_2_8_19_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1435-5957.2008.00187.x"},{"key":"e_1_2_8_20_1","doi-asserted-by":"publisher","DOI":"10.7551\/mitpress\/6389.001.0001"},{"key":"e_1_2_8_21_1","volume-title":"Cities, Agglomeration and Spatial Equilibrium","author":"Glaeser EL","year":"2008"},{"key":"e_1_2_8_22_1","unstructured":"GravelN MartinezM TrannoyA.1997.Evaluation des prix h\u00e9doniques du logement dans les communes du Val\u2012d'Oise. 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