Diewert, Erwin; Shimizu, Chihiro - Vancouver School of Economics - 2013
The paper uses hedonic regression techniques in order to decompose the price of a house into land and structure … covered multiple time periods was used. Collinearity between the amount of land and structure in each residential property … leads to inaccurate estimates for the land and structure value of a property. This collinearity problem was solved by using …