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...

This study examines how used-vehicle markets responded to the automobile hydrocarbon emissions by linking used-vehicle price to the large scale emission test data that contain 74 vehicle models manufactured over 18 years. An additive semiparametric hedonic model is estimated to analyse the...