A New Approach to the Estimation of Structural Equations in Hedonic Models
作者： Yoshitsugu Kanemoto , Ryohei Nakamura
DOI: 10.1016/0094-1190(86)90040-9
关键词: Mathematical economics 、 Estimation 、 Econometrics 、 Computer science
摘要: Abstract This paper first clarifies the source of a difficulty in estimating structural equations hedonic models and then develops an estimation method which avoids this difficulty. Both Quigley's our methods are applied to Japanese housing data, estimates two compared.
elsevier.com
sociorepec.org参考文章(10)
Daniel McFadden, MODELING THE CHOICE OF RESIDENTIAL LOCATION Transportation Research Record. ,(1978)
Ann D. Witte, Howard J. Sumka, Homer Erekson, An Estimate of a Structural Hedonic Price Model of the Housing Market: An Application of Rosen's Theory of Implicit Markets Econometrica. ,vol. 47, pp. 1151- 1173 ,(1979) , 10.2307/1911956
Bryan Ellickson, An alternative test of the hedonic theory of housing markets Journal of Urban Economics. ,vol. 9, pp. 56- 79 ,(1981) , 10.1016/0094-1190(81)90048-6
Peter Linneman, The demand for residence site characteristics Journal of Urban Economics. ,vol. 9, pp. 129- 148 ,(1981) , 10.1016/0094-1190(81)90036-X
Steven R. Lerman, Clifford R. Kern, Hedonic theory, bid rents, and willingness-to-pay: Some extensions of Ellickson's results Journal of Urban Economics. ,vol. 13, pp. 358- 363 ,(1983) , 10.1016/0094-1190(83)90039-6
Sherwin Rosen, Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition Journal of Political Economy. ,vol. 82, pp. 34- 55 ,(1974) , 10.1086/260169
Peter Linneman, Some empirical results on the nature of the hedonic price function for the urban housing market Journal of Urban Economics. ,vol. 8, pp. 47- 68 ,(1980) , 10.1016/0094-1190(80)90055-8
John M. Quigley, Nonlinear budget constraints and consumer demand: An application to public programs for residential housing Journal of Urban Economics. ,vol. 12, pp. 177- 201 ,(1982) , 10.1016/0094-1190(82)90014-6
John M. Quigley, The evaluation of complex urban policies Simulating the Willingness to Pay for the Benefits of Subsidy Programs Regional Science and Urban Economics. ,vol. 16, pp. 31- 42 ,(1986) , 10.1016/0166-0462(86)90011-6
James Brown, Harvey Rosen, On the Estimation of Structural Hedonic Price Models Econometrica. ,vol. 50, pp. 765- 768 ,(1982) , 10.3386/T0018