Convenient links for the estimation of hedonic price indexes: the case of unique, infrequently traded assets

Detalhes bibliográficos
Autor(a) principal: Ramalho, Esmeralda A.
Data de Publicação: 2014
Outros Autores: Ramalho, Joaquim J.S.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/29311
Resumo: Hedonic methods are a prominent approach in the construction of quality-adjusted price indexes. This paper shows that the process of computing such indexes is substantially simplified if arithmetic (geometric) price indexes are computed based on exponential (log-linear) hedonic functions estimated by the Poisson pseudo maximum likelihood (ordinary least squares) method. A Monte Carlo simulation study based on housing data illustrates the convenience of the links identified and the very attractive properties of the Poisson estimator in the hedonic framework.
id RCAP_a9c944acfb977ed297649bd64df438d2
oai_identifier_str oai:www.repository.utl.pt:10400.5/29311
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling Convenient links for the estimation of hedonic price indexes: the case of unique, infrequently traded assetsHedonic Price IndexesQuality AdjustmentRetransformationHouse PricesExponential RegressionPoisson Pseudo-Maximum LikelihoodHedonic methods are a prominent approach in the construction of quality-adjusted price indexes. This paper shows that the process of computing such indexes is substantially simplified if arithmetic (geometric) price indexes are computed based on exponential (log-linear) hedonic functions estimated by the Poisson pseudo maximum likelihood (ordinary least squares) method. A Monte Carlo simulation study based on housing data illustrates the convenience of the links identified and the very attractive properties of the Poisson estimator in the hedonic framework.John Wiley & Sons Ltd.Repositório da Universidade de LisboaRamalho, Esmeralda A.Ramalho, Joaquim J.S.2023-11-06T16:09:59Z20142014-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/29311engRamalho, Esmeralda A. and Joaquim J.S. Ramalho. (2014). “Convenient links for the estimation of hedonic price indexes: the case of unique, infrequently traded assets”. Statistica Neerlandica, Vol. 68, No. 2: pp. 91–117. (Search PDF in 2023).doi.org/10.1111/stan.120241467-9574info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-12T01:31:38Zoai:www.repository.utl.pt:10400.5/29311Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:37:58.836862Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Convenient links for the estimation of hedonic price indexes: the case of unique, infrequently traded assets
title Convenient links for the estimation of hedonic price indexes: the case of unique, infrequently traded assets
spellingShingle Convenient links for the estimation of hedonic price indexes: the case of unique, infrequently traded assets
Ramalho, Esmeralda A.
Hedonic Price Indexes
Quality Adjustment
Retransformation
House Prices
Exponential Regression
Poisson Pseudo-Maximum Likelihood
title_short Convenient links for the estimation of hedonic price indexes: the case of unique, infrequently traded assets
title_full Convenient links for the estimation of hedonic price indexes: the case of unique, infrequently traded assets
title_fullStr Convenient links for the estimation of hedonic price indexes: the case of unique, infrequently traded assets
title_full_unstemmed Convenient links for the estimation of hedonic price indexes: the case of unique, infrequently traded assets
title_sort Convenient links for the estimation of hedonic price indexes: the case of unique, infrequently traded assets
author Ramalho, Esmeralda A.
author_facet Ramalho, Esmeralda A.
Ramalho, Joaquim J.S.
author_role author
author2 Ramalho, Joaquim J.S.
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Ramalho, Esmeralda A.
Ramalho, Joaquim J.S.
dc.subject.por.fl_str_mv Hedonic Price Indexes
Quality Adjustment
Retransformation
House Prices
Exponential Regression
Poisson Pseudo-Maximum Likelihood
topic Hedonic Price Indexes
Quality Adjustment
Retransformation
House Prices
Exponential Regression
Poisson Pseudo-Maximum Likelihood
description Hedonic methods are a prominent approach in the construction of quality-adjusted price indexes. This paper shows that the process of computing such indexes is substantially simplified if arithmetic (geometric) price indexes are computed based on exponential (log-linear) hedonic functions estimated by the Poisson pseudo maximum likelihood (ordinary least squares) method. A Monte Carlo simulation study based on housing data illustrates the convenience of the links identified and the very attractive properties of the Poisson estimator in the hedonic framework.
publishDate 2014
dc.date.none.fl_str_mv 2014
2014-01-01T00:00:00Z
2023-11-06T16:09:59Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/29311
url http://hdl.handle.net/10400.5/29311
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Ramalho, Esmeralda A. and Joaquim J.S. Ramalho. (2014). “Convenient links for the estimation of hedonic price indexes: the case of unique, infrequently traded assets”. Statistica Neerlandica, Vol. 68, No. 2: pp. 91–117. (Search PDF in 2023).
doi.org/10.1111/stan.12024
1467-9574
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv John Wiley & Sons Ltd.
publisher.none.fl_str_mv John Wiley & Sons Ltd.
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
_version_ 1799134938767818752

Registros relacionados