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Using frontier models to mitigate omitted variable bias in hedonic pricing models : a case study for air quality in Bogotá, Colombia

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Using Frontier Models to Mitigate Omitted Variable Bias in Hedonic Pricing Models : A Case Study for Air Quality in Bogotá, Colombia

Carriazo, Fernando - 2011

Hedonic pricing models use property value differentials to value changes in environmental quality. If unmeasured quality attributes of residential properties are correlated with an environmental quality measure of interest, conventional methods for estimating implicit prices will be biased....

Persistent link: https://www.econbiz.de/10013123951

Using frontier models to mitigate omitted variable bias in hedonic pricing models : a case study for air quality in Bogotá, Colombia

Carriazo, Fernando; Ready, Richard C.; Shortle, James S. - 2011

Persistent link: https://www.econbiz.de/10011702446