Title

Average Derivative Estimation Of Hedonic Price Models

Keywords

Average derivative estimation; Hedonic price models; Semiparametric estimation

Abstract

Conventional parametric techniques for estimating hedonic price models require a correct functional form. In this paper, we side-step this parametric shortcoming by estimating a hedonic price model using average derivative estimation (ADE). This semiparametric approach produces robust estimates of the marginal effects without assuming a specific functional form a priori. In our application of the model to a unique data set on Korean home prices, ADE produced estimates consistent with prior expectations, providing initial evidence that the model may represent a viable alternative when using the hedonic approach.

Publication Date

1-1-2000

Publication Title

Environmental and Resource Economics

Volume

16

Issue

1

Number of Pages

81-91

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1023/A:1008322200793

Socpus ID

0034193369 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/0034193369

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