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- W2182043463 abstract "Property has the particularity of being a heterogeneous good, and based on this, quality adjustments must be made when estimating property price indexes. Various methods of quality adjustment have been proposed and applied, including the hedonic method often used in price statistics and, since the information that can be used for estimations is limited, the repeat sales price method and methods using property appraisal price information. However, since there is a lack of theoretical knowledge and restrictions on data, it is no exaggeration to say that it is difficult to evaluate their practical application at the present time. Much research has been published in this field by researchers specializing in economic statistics and researchers specializing in real estate economics or finance. However, due to the difference in their backgrounds, there are frequently differences in the issues covered in their research, including the evaluation of estimation methods. Therefore, focusing on the hedonic method that has been proposed as a quality adjustment method for property price indexes, in addition to repeat sales price indexes and indexes employing property appraisal prices, this paper will broadly survey the precedent literature in this area covering two different fields, with the aim of clarifying the advantages and disadvantages of each method." @default.
- W2182043463 created "2016-06-24" @default.
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- W2182043463 date "2016-02-01" @default.
- W2182043463 modified "2023-09-26" @default.
- W2182043463 title "Property Price Index Theory and Estimation: A Survey" @default.
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