The price of a single-family house can be viewed as the bundle of the land price, and the replacement/construction cost of the structure, adjusted for depreciation. Given the difficulty in obtaining accurate estimates of each of the elements, previous researches estimate land price as the...

This paper offers a new method for nonparametric estimation - based on the Cobb-Douglas form - that is simple, easy to interpret, efficient among the class of all linear nonparametric estimators, and nearly efficient among all nonparametric estimators. Thus empirical analysts who prefer the...