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Many empirical studies challenged the parametric approach to estimate nonlinear house price models and to use instead nonparametric or semiparametric model specifications. In the area of environmental analysis using house price models, Stock (1991) and McMillen and Thorsen (2000) applied...
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The objective of this paper is to assess the impact on property values of agricultural pollution using alternative semiparametric hedonic price models. The proposed model specifications are made up of two parts: a partially linear component for house characteristics and a non (semi) parametric...
Persistent link: https://www.econbiz.de/10005476871
The estimation of conditional probability distribution functions (PDFs) in a kernel nonparametric framework has recently received attention. As emphasized by Hall, Racine and Li (2004), these conditional PDFs are extremely useful for a range of tasks including modelling and predicting consumer...
Persistent link: https://www.econbiz.de/10009444705
Both industry and firm characteristics influence the survival of a firm in an industryover time. Aging, size, structure are factors often discussed in the literature, but publicintervention effects - through public quality labeling for example - may also have aneffect that is examined here. We...
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EU regulation on quality food products (PDO labeling) is expected to sustain competitiveness within the agricultural sector. This paper examines the impact of this policy on the survival of cheese firms over the period 1990-2006 in France. We show that such a policy (Ap- pellation d'Origine...
Persistent link: https://www.econbiz.de/10010968948