Purpose – We use a large and rich data set consisting of over 123,000 single-family houses sold in Switzerland between 2005 and 2017 to investigate the accuracy and volatility of different methods for estimating and updating hedonic valuation models.Design/methodology/approach – We apply six...

In some applications of supervised machine learning, it is desirable to trade model complexity with greater interpretability for some covariates while letting other covariates remain a "black box". An important example is hedonic property valuation modeling, where machine learning techniques...

This paper quantifies the marginal willingness to pay for a reduction of automobile traffic. By using a new structural approach in a hedonic framework by Bishop and Timmins 2019 we are able to avoid common issues in hedonic studies using instrumental variables. Our analysis is based on data from...