Hedonic regression models

Research output: Chapter in Book/Report/Conference proceedingChapter

7 Scopus citations

Abstract

This provides a basic overview of the nature and variety of hedonic empirical pricing models that are employed in the economics literature. It explores the history of hedonic modeling and summarizes the field′s utility-theory-based, microeconomic foundations. It also provides a discussion of and potential solutions for common problems associated with hedonic modeling. This paper examines three specific, different hedonic specifications, the linear, semilog, and Box-Cox transformed hedonic models, and applies them to real estate data. It also discusses recent innovations related to hedonic models and how these models are being used in contemporary studies.

Original languageEnglish (US)
Title of host publicationHandbook of Financial Econometrics and Statistics
PublisherSpringer New York
Pages2119-2134
Number of pages16
ISBN (Electronic)9781461477501
ISBN (Print)9781461477495
DOIs
StatePublished - Jan 1 2015

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)
  • Mathematics(all)

Fingerprint

Dive into the research topics of 'Hedonic regression models'. Together they form a unique fingerprint.

Cite this