Bibliometric analysis of hedonic price model using CiteSpace

Author:

Jayantha Wadu Mesthrige,Oladinrin Olugbenga Timo

Abstract

Purpose Hedonic price modeling (HPM) plays an important role in identifying factors affecting the price of goods or services. Many researchers have extensively used this modeling approach in their research work. However, there has been no bibliometric review that analyses the existing research, which makes use of HPM modeling. This study aims to provide a comprehensive visualized bibliometric and scientometric view of HPM usage in real estate research. Design/methodology/approach The Scopus database was used to collect the bibliographic data of 269 publications from 1970 to 2019. CiteSpace software was then used to analyze and visualize the data. Findings The results revealed a significant increase in the annual number of HPM study publications. Core authors, participating countries and representative references have been identified. Research hotspots for the HPM studies were identified. Originality/value While the study provides a methodological bibliometric review of HPM literature, the findings provide a very good platform for understanding the important elements of HPM usage in real estate research.

Publisher

Emerald

Subject

General Economics, Econometrics and Finance

Reference45 articles.

1. Critical review of hedonic pricing model application in property price appraisal: a case of Nigeria;International Journal of Sustainable Built Environment,2017

2. Theoretical and empirical considerations regarding space in hedonic housing price model applications;Growth Change,2001

3. The value of urban open space: Meta-analyses of contingent valuation and hedonic pricing results;Journal of Environmental Management,2011

4. Specification and estimation of hedonic housing price models;Regional Science Urban Economics,1992

5. Chen, C. (2014), “The citespace manual”, available at: http://cluster.ischool.drexel.edu/∼cchen/citespace/CiteSpaceManual.pdf.

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