Nonparametric estimation of a hedonic price function

Daniel J. Henderson (), Christopher F. Parmeter and Subal C. Kumbhakar ()
Additional contact information
Christopher F. Parmeter: Department of Agricultural and Applied Economics, Virginia Polytechnic Institute and State University, Blacksburg, Virginia, USA, Postal: Department of Agricultural and Applied Economics, Virginia Polytechnic Institute and State University, Blacksburg, Virginia, USA

Journal of Applied Econometrics, 2007, vol. 22, issue 3, pages 695-699

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. Copyright © 2007 John Wiley & Sons, Ltd.

View list of references

Downloads: (external link)
http://hdl.handle.net/10.1002/jae.929 Link to full text; subscription required (text/html)
http://qed.econ.queensu.ca:80/jae/2007-v22.3/ Supporting data files and programs (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Ordering information: This journal article can be ordered from
http://www3.intersci ... e.jsp?issn=0883-7252

Access Statistics for this article

Journal of Applied Econometrics is edited by M. Hashem Pesaran

More articles in Journal of Applied Econometrics from John Wiley & Sons, Ltd.
Series data maintained by Christopher F. Baum ().