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Price deflators and the estimation of the production function

✍ Scribed by Carmine Ornaghi


Book ID
116421816
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
137 KB
Volume
99
Category
Article
ISSN
0165-1765

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Nonparametric estimation of a hedonic pr
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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