Semiparametric Estimates of the marginal
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N. Edward Coulson
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Article
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1992
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Springer US
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English
β 554 KB
Smoothing splines are used to generate a nonparametric response of housing price to floorspace size. A rising marginal price is estimated. Comparison to common parametric forms indicates that the semilog is reasonably close to the nonparametric form.