Nonparametric estimation of a hedonic price function

Christopher F. Parmeter, Daniel J. Henderson, Subal C. Kumbhakar

Research output: Contribution to journalArticle

42 Scopus citations


Rosen's (1974) theory of hedonic prices is implemented econometrically using recently developed nonparametric techniques to examine the influence of qualitative factors on the price of a house. Our ability to smooth categorical variables leads to greater generalization in the valuation process and provides a canvas for interactions between categorical and continuous variables that is difficult to exploit in parametric and semiparametric models. This is illustrated with a replication of a previously used partially linear model specification.

Original languageEnglish (US)
Pages (from-to)695-699
Number of pages5
JournalJournal of Applied Econometrics
Issue number3
StatePublished - Apr 1 2007
Externally publishedYes

ASJC Scopus subject areas

  • Social Sciences (miscellaneous)
  • Economics and Econometrics

Fingerprint Dive into the research topics of 'Nonparametric estimation of a hedonic price function'. Together they form a unique fingerprint.

Cite this