Nonparametric panel estimation of online auction price processes
โ Scribed by Yu Yvette Zhang; Jingping Gu; Qi Li
- Book ID
- 105855867
- Publisher
- Springer-Verlag
- Year
- 2010
- Tongue
- English
- Weight
- 298 KB
- Volume
- 40
- Category
- Article
- ISSN
- 0377-7332
No coin nor oath required. For personal study only.
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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
## Abstract Structural econometric studies on auctions have mainly focused on the independent private value paradigm. In this paper, we are interested in the โoppositeโ case known as the pure common value model. More precisely, we restrict our attention to a class of common value models defined by
## Abstract Recently, using mixed data on Canadian housing, Parmeter, Henderson, and Kumbhakar (__Journal of Applied Econometrics__ 2007; **22**: 695โ699) found that a nonparametric approach for estimating a hedonic house price function is superior to formerly suggested parametric and semiparametri