A new approach to the estimation of structural equations in hedonic models
AbstractThis 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 InfoArticle provided by Elsevier in its journal Journal of Urban Economics.
Volume (Year): 19 (1986)
Issue (Month): 2 (March)
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Web page: http://www.elsevier.com/locate/inca/622905
Other versions of this item:
- Yoshitsugu Kanemoto, 1985. "A New Approach to the Estimation of Structural Equations in Hedonic Models," Working Papers 595, Queen's University, Department of Economics.
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
- L68 - Industrial Organization - - Industry Studies: Manufacturing - - - Appliances; Other Consumer Durables
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- 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.
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- 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 and Francis Journals, vol. 2(1), pages 45-63.
- 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.
- Selden, Thomas M. & Wasylenko, Michael J., 1992. "Benefit incidence analysis in developing countries," Policy Research Working Paper Series 1015, The World Bank.
- Eric Skhiri & Olivier Marchand, 1995. "Prix hédoniques et estimation d'un modèle structurel d'offre et de demande de caractéristiques," Économie et Prévision, Programme National Persée, vol. 121(5), pages 127-138.
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