... the mean distance between zip code and centroid was correlated with the proportion of homes in a zip code's neighborhood that did not bid; ..... ... The relationship between a zip code and a given property may be statistically insignificant, .... ..... We see no evidence that any of the relationships ... are strongly confounded by the use of nonstandard addresses (Woman, 2003). ..... There is little in the way of empirical evidence supporting an association between a zip code and house prices. ..... In general, it seems less likely that real estate markets tend to have “speculative” phenomena than a “real” phenomenon; ..... This is a very weak empirical finding; there is clearly a lot of work to do in order to better understand the real impacts of location on the location of residential property and house prices; ... the majority of the relationships in Table 6 are based on small sample sizes; the relationships are probably best interpreted as tentative or even nonexistent; (5) ... (E)ASE of access to a city and its surrounding areas are positively associated with price, while ... there is no obvious negative correlation between proximity to a city and price; ...
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To highlight the economic relevance of the empirical application at hand, ..... collusion (Burnham and Winston, 1990; Spangle, 1999; Mizushima, 2001). .... number of miles from the centroid of the
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