Martins-Filho, Carlos; Bin, Okmyung - In: Empirical Economics 30 (2005) 1, pp. 93-114
We model a hedonic price function for housing as an additive nonparametric regression. Estimation is done via a backfitting procedure in combination with a local polynomial estimator. It avoids the pitfalls of an unrestricted nonparametric estimator, such as slow convergence rates and the curse...