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Hypothesis testing in hedonic price estimation - On the selection of independent variables

David Andersson

The Annals of Regional Science, 2000, vol. 34, issue 2, 293-304

Abstract: Various approaches to hypothesis testing have been used in the past for the purpose of estimating hedonic price equations. The criteria for testing and rejecting explanatory variables have however rarely been made explicit. This paper argues that the results of earlier studies should be used according to structured and not overly arbitrary criteria for selecting which variables to test as well as for their subsequent acceptance or rejection. An explanatory analysis of Singapore's condominium market is used as an empirical illustration of the decision rule for variable selection proposed in the methodological part of the paper.

Date: 2000-07-12
Note: Received: March 1998/Accepted: May 1999
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Citations: View citations in EconPapers (17)

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The Annals of Regional Science is currently edited by Martin Andersson, E. Kim and Janet E. Kohlhase

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