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Average Derivative Estimation of Hedonic Price Models

✍ Scribed by Junsoo Lee; Seung-Jun Kwak; John A. List


Book ID
110262043
Publisher
Springer
Year
2000
Tongue
English
Weight
59 KB
Volume
16
Category
Article
ISSN
0924-6460

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## 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

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✍ Paul M. Anglin; Ramazan GenΓ§ay πŸ“‚ Article πŸ“… 1996 πŸ› John Wiley and Sons 🌐 English βš– 909 KB

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