## Abstract Rosen's (1974) theory of hedonic prices is implemented econometrically using recently developed nonparametric techniques to examine the influence of qualitative factors on the price of a house. Our ability to smooth categorical variables leads to greater generalization in the valuation
A Hedonic Price Function for a Northern BC Community
β Scribed by Tomson Ogwang; Baotai Wang
- Book ID
- 110412472
- Publisher
- Springer Netherlands
- Year
- 2003
- Tongue
- English
- Weight
- 63 KB
- Volume
- 61
- Category
- Article
- ISSN
- 0303-8300
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Previous work on the preferred specification of hedonic price models usually recommended a Box-Cox model. In this paper we note that any parametric model involves implicit restrictions and they can be reduced by using a semiparametric model. We estimate a benchmark parametric model which passes seve
## Abstract Recently, using mixed data on Canadian housing, Parmeter, Henderson, and Kumbhakar (__Journal of Applied Econometrics__ 2007; **22**: 695β699) found that a nonparametric approach for estimating a hedonic house price function is superior to formerly suggested parametric and semiparametri