Nonparametric estimation of a hedonic price function

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

Research output: Contribution to journalArticlepeer-review

44 Scopus citations

Abstract

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
Volume22
Issue number3
DOIs
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