The Wharton GIS Lab integrates recent developments in spatial econometrics with the strength and flexibility of GIS technology.
Current research projects include: modeling the site selection process for retail firms, examining spatial disparities in mortgage lending, developing valuation models for residential real estate, investigating AVM inequities in property tax assessments, and advancing research in spatial econometric techniques.
A recent project explicitly modeled the spatial dependence in property values as a function of both distance and direction between properties in the same geographic sub-market. The finding that property values are not only auto-correlated with distance, but that this autocorrelation varies with geographic direction represents the discovery of a new pattern in real estate data that can be exploited for many purposes.
Future research will continue to apply GIS techniques to advance our knowledge of urban economics.