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A new approach to the estimation of structural equations in hedonic models

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  • Kanemoto, Yoshitsugu
  • Nakamura, Ryohei

Abstract

This paper clarifies the source of a difficulty in estimating structural equations in hedonic models and then develops an estimation method which avoids this difficulty. Both Quigley's and our method are applied to Japanese housing data and the estimates compared.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Urban Economics.

Volume (Year): 19 (1986)
Issue (Month): 2 (March)
Pages: 218-233

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Handle: RePEc:eee:juecon:v:19:y:1986:i:2:p:218-233

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Web page: http://www.elsevier.com/locate/inca/622905

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Cited by:
  1. Cristián Mardones, 2006. "Impacto de la Percepción de la Calidad del Aire sobre el Precio de las Viviendas en Concepción-Talcahuano, Chile," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 43(128), pages 301-330.
  2. Pablo Branas-Garza & Javier Rodero Cosano & John Presley, 2001. "The North-South divide and house price islands: the case of COrdoba (Spain)," International Journal of Housing Policy, Taylor & Francis Journals, vol. 2(1), pages 45-63.
  3. Morisugi, Hisa & Ohno, Eiji, 1995. "Proposal of a benefit incidence matrix for urban development projects," Regional Science and Urban Economics, Elsevier, vol. 25(4), pages 461-481, August.
  4. Damrongsak Rinchumphu & Chris Eves & Connie Susilawati, 2013. "Brand Value of Property in Bangkok Metropolitan Region (BMR), Thailand," International Real Estate Review, Asian Real Estate Society, vol. 16(3), pages 296-322.
  5. Eric Skhiri & Olivier Marchand, 1995. "Prix hédoniques et estimation d'un modèle structurel d'offre et de demande de caractéristiques [Une application au marché de la location de logements en France ]," Économie et Prévision, Programme National Persée, vol. 121(5), pages 127-140.
  6. Chihiro Shimizu, 2014. "Estimation of Hedonic Single-Family House Price Function Considering Neighborhood Effect Variables," Sustainability, MDPI, Open Access Journal, vol. 6(5), pages 2946-2960, May.
  7. Hans R. Isakson, 1997. "An Empirical Analysis of the Determinants of the Value of Vacant Land," Journal of Real Estate Research, American Real Estate Society, vol. 13(2), pages 103-114.
  8. Nakagawa, Masayuki & Saito, Makoto & Yamaga, Hisaki, 2007. "Earthquake risk and housing rents: Evidence from the Tokyo Metropolitan Area," Regional Science and Urban Economics, Elsevier, vol. 37(1), pages 87-99, January.
  9. Palmquist, Raymond B., 2006. "Property Value Models," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 16, pages 763-819 Elsevier.
  10. Selden, Thomas M. & Wasylenko, Michael J., 1992. "Benefit incidence analysis in developing countries," Policy Research Working Paper Series 1015, The World Bank.
  11. Kanemoto, Yoshitsugu, 1988. "Hedonic Prices and the Benefits of Public Projects," Econometrica, Econometric Society, vol. 56(4), pages 981-89, July.

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