Cancerphobia: Electromagnetic Fields and Their Impact on Residential Loan Values

James A. Bryant () and Donald R. Epley ()
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James A. Bryant: Department of Marketing, Quantitive Analysis and Legal Studies Mississippi State University Mississippi State, Mississippi 39762, http://www.cbi.msstate.edu/dept/mkt/
Donald R. Epley: Department of Finance, Insurance and Real Estate Washington State University Pullman, Washington 99164, http://www.cbe.wsu.edu/

Journal of Real Estate Research, 1998, vol. 15, issue 1, pages 115-129

Abstract: This article provides a matrix representation of the adjustment grid estimator. From this representation, one can invoke the Gauss-Mrkov theorem to examine the efficiency of ordinary least squares (OLS) and the grid estimator that uses OLS estimates of the adjustments (the "plug-in" grid method). In addition, this matrix representation suggests a generalized least squares version of the grid method, labeled herin as the total grid estimator. Based on the empirical experiments, the total grid estimator outperformed the plug-in grid estimator, which in turn outperformed the OLS.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1998
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