Description

Wooldridge Source: K.A. Kiel and K.T. McClain (1995), “House Prices During Siting Decision Stages: The Case of an Incinerator from Rumor Through Operation,” Journal of Environmental Economics and Management 28, 241-255. Professor McClain kindly provided the data, of which I used only a subset. Data loads lazily.

Usage

Format

A data.frame with 321 observations on 25 variables:

• year: 1978 or 1981

• age: age of house

• agesq: age^2

• nbh: neighborhood, 1-6

• cbd: dist. to cent. bus. dstrct, ft.

• intst: dist. to interstate, ft.

• lintst: log(intst)

• price: selling price

• rooms: # rooms in house

• area: square footage of house

• land: square footage lot

• baths: # bathrooms

• dist: dist. from house to incin., ft.

• ldist: log(dist)

• wind: prc. time wind incin. to house

• lprice: log(price)

• y81: =1 if year == 1981

• larea: log(area)

• lland: log(land)

• y81ldist: y81*ldist

• lintstsq: lintst^2

• nearinc: =1 if dist <= 15840

• y81nrinc: y81*nearinc

• rprice: price, 1978 dollars

• lrprice: log(rprice)

Used in Text

pages 220, 454-457, 475, 477

Source

https://www.cengage.com/cgi-wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9781111531041

Examples