Maurer, Raimond; Pitzer, Martin; Sebastian, Steffen - Fachbereich Wirtschaftswissenschaft, Goethe … - 2004
In this paper, we calculate a transaction–based price index for apartments in Paris (France). The heterogeneous character of real estate is taken into account using an hedonic model. The functional form is specified using a general Box–Cox function. The data basis covers 84 686 transactions...