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Status Poles and Status Zoning to Model Residential Land Prices: Status-Quality Trade off Theory (Short Paper)

Authors Thuy Phuong Le , Alexis Comber , Binh Quoc Tran , Phe Huu Hoang, Huy Quang Man, Linh Xuan Nguyen, Tuan Le Pham, Tu Ngoc Bui

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LIPIcs.GIScience.2023.46.pdf
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Subject Classification

ACM Subject Classification
  • Information systems → Spatial-temporal systems
  • Applied computing → Economics
Keywords
  • spatial theory
  • house prices

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Abstract

This study describes an approach for augmenting urban residential preference and hedonic house price models by incorporating Status-Quality Trade Off theory (SQTO). SQTO seeks explain the dynamic of urban structure using a multipolar, in which the location and strength of poles is driven by notions of residential status and dwelling quality. This paper presents in outline an approach for identifying status poles and for quantifying their effect on land and residential property prices. The results show how the incorporation of SQTO results in an enhanced understanding of variations in land / property process with increased spatial nuance. A number of future research areas are identified related to the status pole weights and the development of status pole index.

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Thuy Phuong Le, Alexis Comber, Binh Quoc Tran, Phe Huu Hoang, Huy Quang Man, Linh Xuan Nguyen, Tuan Le Pham, and Tu Ngoc Bui. Status Poles and Status Zoning to Model Residential Land Prices: Status-Quality Trade off Theory (Short Paper). In 12th International Conference on Geographic Information Science (GIScience 2023). Leibniz International Proceedings in Informatics (LIPIcs), Volume 277, pp. 46:1-46:6, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2023) https://doi.org/10.4230/LIPIcs.GIScience.2023.46

Author Details

Thuy Phuong Le
  • VNU University of Science, Hanoi, Vietnam
Alexis Comber
  • School of Geography, University of Leeds, UK
Binh Quoc Tran
  • VNU University of Science, Hanoi, Vietnam
Phe Huu Hoang
  • R & D Consultants, Hanoi, Vietnam
Huy Quang Man
  • VNU University of Science, Hanoi, Vietnam
Linh Xuan Nguyen
  • VNU University of Science, Hanoi, Vietnam
Tuan Le Pham
  • VNU University of Science, Hanoi, Vietnam
Tu Ngoc Bui
  • VNU University of Science, Hanoi, Vietnam

References

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