A HEDONIC ANALYSIS OF LAND PRICES IN YAMANASHI PREFECTURE, JAPAN |
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| Authors: | Katsumi Andoh Makoto Ohta |
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| Institution: | Yamanashi Prefectural Government Office, Kofu, Yamanashi 400, Japan;Institute of Policy and Planning Sciences, University of Tsukuba, Ibaraki 305, Japan |
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| Abstract: | This paper presents a hedonic analysis of residential land prices in Yamanashi Prefecture for the period 1985–1995. The main purpose is to divide Yamanashi Prefecture (including selected attached areas) into Tokyo-influenced and Kofu-influenced areas. This was accomplished by finding the minimum sum of squared residuals following two hedonic regressions. One regression uses access to Tokyo Station, the other access to Kofu Station. We find that the Tokyo-influenced area expanded during the period studied. |
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