%0 Journal Article
%T Pre£¿os hed£¿nicos no mercado imobili¨¢rio comercial de S£¿o Paulo: a abordagem da modelagem multin¨ªvel com classifica£¿£¿o cruzada
%A F¨¢vero
%A Luiz Paulo Lopes
%J Estudos Econ£¿micos (S£¿o Paulo)
%D 2011
%I Instituto de Pesquisas Econ?micas da FEA-USP
%R 10.1590/S0101-41612011000400005
%X hedonic pricing models often don't take into account the cross-classified hierarchical nature of the office rental markets. this paper employs a cross-classified multilevel model (hcm2) to examine the impact that office characteristics, district and commercial zones have on rental prices in s£¿o paulo. using a sample of 277 properties from 15 districts cross-classified with 10 commercial zones, multilevel representativeness is found for the effects of the properties', districts' and zones' characteristics, considering the differentiation of mean prices in 2008.
%K office rental prices
%K hedonic prices
%K cross-classified multilevel models (hcm2)
%K hierarchical linear models (hlm).
%U http://www.scielo.br/scielo.php?script=sci_abstract&pid=S0101-41612011000400005&lng=en&nrm=iso&tlng=en