Treatment effect models (treatment = close to cold spots)
| (1) | (2) | (3) | (4) | |
|---|---|---|---|---|
| TE | PS1 | PS2 | NN | |
| Living area | 0.0139*** (68.28) | 0.0135*** (59.39) | 0.0128*** (52.35) | 0.0137*** (32.78) |
| Monthly fee | −0.0000532*** (−18.60) | −0.0000421*** (−11.27) | −0.0000322*** (−8.17) | −0.0000704*** (−12.92) |
| Rooms | 0.0220*** (4.99) | 0.0252*** (5.68) | 0.0489*** (8.79) | 0.0108(1.32) |
| CBD | −0.0536*** (−13.26) | −0.0492*** (−11.87) | −0.0590*** (−12.88) | −0.0400*** (−5.08) |
| Shopping mall | −0.0389*** (−8.41) | −0.0548*** (−9.53) | −0.0211*** (−3.50) | −0.0135(−1.52) |
| Metro station | −0.0264*** (−3.88) | 0.0365* (2.41) | −0.0260* (−2.46) | −0.0751*** (−6.28) |
| Treatment | −0.0926*** (−15.53) | −0.0915*** (−15.35) | −0.0899*** (−8.28) | −0.0857*** (−7.20) |
| Propensity score | −0.255*** (−4.64) | |||
| Constant | −209.0*** (−9.03) | −83.35* (−2.34) | −163.0*** (−5.05) | −354.5*** (−8.91) |
| Observations | 6,846 | 6,846 | 6,846 | 2,494 |
| R2 | 0.882 | 0.882 | 0.917 | 0.809 |
| AIC | −6,732.4 | −6,752.0 | −8,576.2 | −1,907.1 |
| (1) | (2) | (3) | (4) | |
|---|---|---|---|---|
| TE | PS1 | PS2 | NN | |
| Living area | 0.0139 | 0.0135 | 0.0128 | 0.0137 |
| Monthly fee | −0.0000532 | −0.0000421 | −0.0000322 | −0.0000704 |
| Rooms | 0.0220 | 0.0252 | 0.0489 | 0.0108(1.32) |
| CBD | −0.0536 | −0.0492 | −0.0590 | −0.0400 |
| Shopping mall | −0.0389 | −0.0548 | −0.0211 | −0.0135(−1.52) |
| Metro station | −0.0264 | 0.0365 | −0.0260 | −0.0751 |
| Treatment | −0.0926 | −0.0915 | −0.0899 | −0.0857 |
| Propensity score | −0.255 | |||
| Constant | −209.0 | −83.35 | −163.0 | −354.5 |
| Observations | 6,846 | 6,846 | 6,846 | 2,494 |
| 0.882 | 0.882 | 0.917 | 0.809 | |
| −6,732.4 | −6,752.0 | −8,576.2 | −1,907.1 |
Notes:
t statistics in parentheses; *p < 0.05, **p < 0.01, ***p < 0.001