Brunauer, Wolfgang; Lang, Stefan; Wechselberger, Peter; … - Institut für Finanzwissenschaft, Fakultät für … - 2008
We apply additive mixed regression models (AMM) to estimate hedonic price equations. Non-linear effects of continuous covariates as well as a smooth time trend are modeled non-parametrically through P-splines. Unobserved district-specific heterogeneity is modeled in two ways: First, by location...
