Haupt, Harry and Schnurbus, Joachim and Tschernig, Rolf (2010) ON NONPARAMETRIC ESTIMATION OF A HEDONIC PRICE FUNCTION. JOURNAL OF APPLIED ECONOMETRICS, 25 (5). pp. 894-901. ISSN 0883-7252,
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Recently, using mixed data on Canadian housing, Parmeter, Henderson, and Kumbhakar (Journal of Applied Econometrics 2007; 22: 695-699) found that a nonparametric approach for estimating a hedonic house price function is superior to formerly suggested parametric and semipararnetric specifications. We carefully reanalyze these specifications for this dataset by applying a recent nonparametric specification test and simulation-based prediction comparisons. For the case at issue our results suggest that a previously proposed parametric specification does not have to be rejected and we illustrate how nonparametric methods provide valuable insights during all modeling steps. Copyright (C) 2010 John Wiley & Sons, Ltd.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | REGRESSION; DISCRETE; |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Ökonometrie (Prof. Dr. Rolf Tschernig) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 20 Jul 2020 09:54 |
| Last Modified: | 20 Jul 2020 09:54 |
| URI: | https://pred.uni-regensburg.de/id/eprint/24396 |
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