We use a semiparametric estimator to analyze the relationship between land
values and parcel size in a sample of 158 undeveloped parcels in the Portland,
Oregon, metropolitan area. The semiparametric estimator combines the benefits of
parametric and nonparametric estimation. The value-size relationship is
estimated nonparametrically, which permits the function to be linear, convex,
and concave in ... hiện toàn bộ