Lee, Junsoo; Kwak, Seung-Jun; List, John - In: Environmental & Resource Economics 16 (2000) 1, pp. 81-91
Conventional parametric techniques for estimatinghedonic price models require a correct functionalform. In this paper, we side-step this parametricshortcoming by estimating a hedonic price model usingaverage derivative estimation (ADE). Thissemiparametric approach produces robust estimates ofthe...