Kolbe, Jens; Schulz, Rainer; Wersing, Martin; Werwatz, Axel - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2015
We use Adaptive Weights Smoothing (AWS) of Polzehl and Spokoiny (2000, 2003, 2006) to estimate a map of land values for Berlin, Germany. Our data are prices of undeveloped land that was transacted between 1996-2009. Even though the observed land price is an indicator of the respective land...