Specification Tests in Hedonic Models

Burgess, James F, and Oskar R. Harmon ()

The Journal of Real Estate Finance and Economics, 1991, vol. 4, issue 4, pages 375-93

Abstract: Specification testing can be an effective method for addressing the considerable econometric problems present in hedonic models. In this article, the authors suggest the use of three different Hausman-type specification tests--tests for the hedonic price equation, each preference equation, and a system of equations--as a way of isolating the sources of misspecification in a hedonic model. Using a national data sample as an example, they illustrate the use of these tests to guide model specification in a simultaneous setting. Copyright 1991 by Kluwer Academic Publishers

Date: 1991
View citations in EconPapers

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:kap:jrefec:v:4:y:1991:i:4:p:375-93

Access Statistics for this article

The Journal of Real Estate Finance and Economics is edited by Steven R. Grenadier, James B. Kau and C.F. Sirmans

More articles in The Journal of Real Estate Finance and Economics from Springer
Series data maintained by Christopher F. Baum ().