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Simultaneous Estimation of Hedonic Equations with Unbalanced Data

Mueller, Valerie A.; Sheriff, Glenn

Hedonic non-market valuation often requires estimating housing and labor market regressions. The authors show how to accommodate unbalanced data in hedonic regressions. In addition to efficiency gains, the method allows consistent estimation of confidence intervals for amenity values. The paper illustrates by estimating the implicit price of a temperature increase in urban Brazil.

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Academic Units
Institute for Social and Economic Research and Policy
Publisher
Institute for Social and Economic Research and Policy, Columbia University
Series
ISERP Working Papers, 07-08
Published Here
August 16, 2010

Notes

September 2007.

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