A Theoretical Basis for Hedonic Regression: A Research Primer

Radcliffe G. Edmonds

Real Estate Economics, 1984, vol. 12, issue 1, 72-85

Abstract: The hedonic regression, estimation of an hedonic price function, is shown to be an approximation of a multifaceted consumption possibilities frontier in characteristics space. Consequently, a linear functional form is inappropriate, included characteristics must be restricted to those which pertain to the good itself, and the estimated intercept and qualitative characteristic coefficients are easily interpretable.

Date: 1984
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