... dynamics. Design/methodology/approach The methodology relies on the application of a heuristic for the max-p-regions problem, a regionalization process that stratifies a country’s housing market into geographically consistent clusters, followed by the application of hedonic regressions made robust...

... introduced here. House prices Earthquake activity Multi level modelling Hedonic regression Thus, the overall aim of this paper is to apply multi-level modelling techniques to the estimation of the impact of earthquake risk on real estate values before and after local activity. Our...