Specification Tests in Hedonic Models

被引：0

作者：

Burgess, James E., Jr. ^{[1
,2
]}

Harmon, Oskar R. ^{[3
]}

机构：

[1] Union Coll, Grad Management Inst, Schenectady, NY 12308 USA

[2] US Dept Vet Affairs, Management Sci Grp, Bldg 12,200 Springs Rd, Bedford, MA 01730 USA

[3] Univ Connecticut, Dept Econ, Scofieldtown Rd, Stamford, CT 06903 USA

来源：

JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS | 1991年 / 4卷 / 04期

关键词：

Hedonic simultaneous equation models; Specification tests;

D O I：

暂无

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Specification testing can be an effective method for addressing the considerable econometric problems present in hedonic models. In this article, we suggest the use of three different Hausman-type specification tests-tests for the hedonic price equation, each preference equation, and a system of equations-as a way of isolating the sources of misspecification in a hedonic model. Using a national data sample as an example, we illustrate the use of these tests to guide model specification in a simultaneous setting.

引用

页码：375 / 393

页数：19

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