A Propensity Score Matching and Spatial Hedonic Prices Approach for Estimating Property Value Fluctuations in Bogotá: Une étude pour la ville de Bogotà à partir des Propensity Score Matching et des prix hédoniques spatiaux
The aim of this study is to analyze and compare the results from Propensity Score Matching (PSM) and Spatial Hedonic Prices (SHP) methodologies estimating value fluctuations on residential proprieties in Bogota (Colombia). Specifically, this study examines value fluctuations on residential properties nearby stations of the Bus Rapid Transit (BRT) system-Transmilenio-. The PSM and SHP approaches suggest additional value increases for residential properties close to BRT stations.
