Theoretical Background of Hedonic Measure and Repeat Sales Measure-Survey-
Walter Diewert,
Kiyohiko G. Nishimura,
Chihiro Shimizu and
Tsutomu Watanabe
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Kiyohiko G. Nishimura: National Graduate Institute for Policy Studies (GRIPS)
Chihiro Shimizu: Nihon University & The University of Tokyo
Tsutomu Watanabe: The University of Tokyo
Chapter Chapter 2 in Property Price Index, 2020, pp 35-78 from Springer
Abstract:
Abstract When it comes to methods of quality adjustment for property price indexes, if one looks at the Residential Property Price Indices HandbookResidential Property Price Indices Handbook published by EuroStat in 2013, it present a variety of methods along with their advantages and disadvantages: (a) Stratification or Mix Adjustment MethodsMix adjustment methods, (b) Hedonic Regression Methods, (c) Repeat Sales Methods, and (d) Appraisal-Based MethodsAppraisal-based methods. This is because, in reality, multiple methods have been applied in the estimation of property price indexes.
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advchp:978-4-431-55942-9_2
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DOI: 10.1007/978-4-431-55942-9_2
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