Neill, Helen R.; Hassenzahl, David M.; Assane, Djeto D. - In: Southern Economic Journal 73 (2007) 4, pp. 1088-1111
Empirical studies of hedonic housing prices show that the spatial maximum likelihood estimation (MLE) method is preferable to the traditional ordinary least squares (OLS) hedonic method. Current computing capabilities restrict the MLE method to relatively small data sets. This paper circumvents...
