Summary In hedonic pricing models there is often prior knowledge available which has the form of interval constraints … fuzzy interval constraints. Using data on housing prices we present the results of a Monte Carlo experiment in which these …

In hedonic pricing models there is often prior knowledge available which has the form of interval constraints on the … introduce two new promising approaches for the same purpose: a modified Bayesian approach and a method applying fuzzy interval … constraints. Using data on housing prices we present the results of a Monte Carlo experiment in which these estimators are …