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Semiparametric Estimates of the Marginal Price of Floorspace

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  • Coulson, N Edward

Abstract

Smoothing splines are used to generate a nonparametric response of housing price to floorspace size. A rising marginal price is estimated. Comparison to common parametric forms indicates that the semilog is reasonably close to the nonparametric form. Copyright 1992 by Kluwer Academic Publishers

Suggested Citation

  • Coulson, N Edward, 1992. "Semiparametric Estimates of the Marginal Price of Floorspace," The Journal of Real Estate Finance and Economics, Springer, vol. 5(1), pages 73-83, March.
  • Handle: RePEc:kap:jrefec:v:5:y:1992:i:1:p:73-83
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    1. Michael Bradley & Dennis R. Capozza & Paul J. Seguin, 1998. "Dividend Policy and Cash-Flow Uncertainty," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 26(4), pages 555-580.
    2. Robert Campbell & Chinmoy Ghosh & C. Sirmans, 2005. "Value Creation and Governance Structure in Reit Mergers," The Journal of Real Estate Finance and Economics, Springer, vol. 31(2), pages 225-239, September.
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    Cited by:

    1. Gaetano Lisi, 2013. "On the Functional Form of the Hedonic Price Function: A Matching-theoretic Model and Empirical Evidence," International Real Estate Review, Asian Real Estate Society, vol. 16(2), pages 189-207.
    2. repec:eee:inecon:v:106:y:2017:i:c:p:55-82 is not listed on IDEAS
    3. Shahidur Rahman, 2005. "An Alternative Estimation to Spurious Regression Model," Economic Growth Centre Working Paper Series 0507, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.

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