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- W2000315508 abstract "Purpose – Hedonic models are commonly used in housing markets studies to obtain quantitative measures of various implicit prices. The use of panel data in other fields of research has proved to be valuable when accounting for unobserved heterogeneity. Given that houses are extremely heterogeneous, and given that it is impossible to include all relevant attributes in hedonic models, removing unobserved heterogeneity by basic panel data models sounds appealing. This paper seeks to compare results between models that use pooled cross section data and panel data. The main research question is whether the pooled model gives unbiased estimates on some basic implicit prices.Design/methodology/approach – The paper applies the hedonic methodology. It uses regression analysis and estimate basic and parsimonious models that use either pooled time series and cross section data or panel data. The empirical results when using the two different approaches are compared.Findings – The paper illustrates that the results fr..." @default.
- W2000315508 created "2016-06-24" @default.
- W2000315508 creator A5086686722 @default.
- W2000315508 date "2013-03-01" @default.
- W2000315508 modified "2023-09-26" @default.
- W2000315508 title "The importance of unobserved attributes in hedonic house price models" @default.
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- W2000315508 doi "https://doi.org/10.1108/17538271311306020" @default.
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