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Hedonic price function estimation in economics and

✍ Scribed by Ruben Chumpitaz; Kristiaan Kerstens; Nicholas Paparoidamis; Matthias Staat


Publisher
Springer US
Year
2008
Tongue
English
Weight
550 KB
Volume
173
Category
Article
ISSN
0254-5330

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πŸ“œ SIMILAR VOLUMES


Nonparametric estimation of a hedonic pr
✍ Christopher F. Parmeter; Daniel J. Henderson; Subal C. Kumbhakar πŸ“‚ Article πŸ“… 2007 πŸ› John Wiley and Sons 🌐 English βš– 73 KB

## 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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## Abstract Recently, using mixed data on Canadian housing, Parmeter, Henderson, and Kumbhakar (__Journal of Applied Econometrics__ 2007; **22**: 695–699) found that a nonparametric approach for estimating a hedonic house price function is superior to formerly suggested parametric and semiparametri

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presented an investigation of selectivity bias in hedonic price functions estimated from sold subsamples. The empirical findings were sensitive to the degree of skewness allowed by the choice of offer distribution. With the generalized model presented in this paper, the degree of skewness present in