Melser, Daniel (contributor); Syed, Iqbal (contributor) - 2008
= @c(xnt)@x
nt
+ @pnt@x
nt
xnt; n = 1;:::;N; t = 1;:::;T (1)
This indicates that the hedonic function, will in general, be … the
marginal utility of income,
6
pnt = @U(xnt)@x
nt
; n = 1;:::;N; t = 1;:::;T (2)
Both these relations provide a di … hedonic regres-
sion and spatial models, see for example Bao and Wan (2004).
9
+ 1
Z
[f00a(x)]2dx+ 2
Z
[f00d(x)]2dx (11)
The …