PL EN


2009 | 8 | 1 | 71-81
Article title

The Cox Proportional Hazards Model in the Analysis of Property Transactions

Authors
Title variants
Languages of publication
EN
Abstracts
EN
The main aim of the paper is to present the methodological basis of housing transactions which uses duration analysis and Cox' proportional hazards model. The study will take into consideration single episodes with one starting point (the purchase of a flat on the resale market) and one final point (selling the flat to another owner). The analysis has covered over 1016 transactions concerning the sale and purchase of cooperative flats in 2000-2009, including repeated transactions. For each of the transactions the date, the initial and final prices as well as the basic parameters of a flat have been given. For each of the transactions the date, the initial and final prices as well as the basic parameters of a flat have been given. The study will verify the hypothesis of the high probability of the existing owner to have further ‘lasting right’ to the flat, i.e. the correlation within × of event (sell flat) and the basic parameters of a flat.
Publisher
Year
Volume
8
Issue
1
Pages
71-81
Physical description
Dates
published
2009-01-01
online
2010-10-14
Contributors
author
  • Faculty of Economics and Management, University of Szczecin, Mickiewicza 64, 71-101 Szczecin
References
  • Bowers, N. L., Gerber, H. U., Hivkman, J. C., Jones, D. A. & Nesbitt, C. J. (1986). Actuarial Mathematics. The Society of Actuaries.
  • Blossfeld, H. P., Hamerle, A. & Mayer, K. U. (1989). Event History Analysis, Statistical Theory and Application in the Social Sciences. Hillsdale, New Jersey: Lawrence Erlbaum Associates Publ.
  • Gerber, H. U. (1990). Life Insurance Mathematics. Berlin Heidelberg: Springer-Verlag.
  • Hosmer, D. W. & Lemeshow, S. (1999). Applied Survival Analysis. Regression Modeling of Time to Event Data. John Wiley and Sons Inc.
  • Frątczak, E., Gach-Ciepiela, U. & Babiker, H. (2005). Analiza historii zdarzeń. Elementy teorii, wybrane przykłady zastosowań. Warszawa: SGH.
  • Stanisz, A. (2007). Przystępny kurs statystyki z zastosowaniem Statistica PL na przykładach z medycyny, T.3, Analizy wielowymiarowe. Kraków: Wydawnictwo StatSoft Polska Sp. z o.o.
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.doi-10_2478_v10031-009-0017-3
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