Holly, Sean (contributor); Pesaran, M. Hashem (contributor); … - 2006
allowing
for a number of unobserved common factors.
JEL Classification: C21, C23
Keywords: house price, cross … margin the price of two identical houses located spatially will
di�er only by a (�xed) factor which re�ects general aspects …, 1998).
The plan of the paper is as follows. Section 2 discusses the theory underlying house
price determination. Section 3 …