Anisotropic Autocorrelation in House Prices

By Kevin C. Gillen, T. Thibodeau, Susan M. Wachter. 2001

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Errors in variables and spatial effects in hedonic house price models of ambient air quality (2008, methodology): “Reviews of the basic specifications and estimation methods are provided in Anselin (1998), Basu and Thibodeau (1998), Pace et al. (1998), Dubin et al. (1999), Gillen et al. (2001) , and Pace and LeSage (2004), among others.”
Spatial Models in Real Estate Economics (2002, background): “One solution to this problem would be to include not only distance to the CBD but also direction as an attribute in the hedonic price equation, see for example Gillen et al. (2001). Furthermore, the sub-market dummies seem accurately to measure the micro-level distance-dynamics as the spatial correl”
Predicting House Prices with Spatial Dependence: A Comparison of Alternative Methods (2010, methodology): “An example of this anisotropic method is given by Gillen, Thibodeau, and Wachter (2001).”