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| An Empirical Analysis of the
Determinants of the Value of Vacant Land Author: Hans R. Isakson Start Page: 103 Abstract: This study extends the
literature that investigates the use of buyer and seller characteristics in traditional
hedonic price equation regressions. This study adds to the existing literature on the
relationship between parcel size and price, coined plattage by Colwell and Sirmans (1980).
The results reveal statistically significant buyer and seller effects. Also, the results
confirm the existence of the plattage effect and reveal a statistically significant change
in the plattage effect over time. The findings of this study should prove useful to those
interested in the behavior of land markets on an urban fringe. |
