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Conjunct method of deriving a hedonic price index in a secondhand housing market with structural change
https://doi.org/10.18901/00000396
https://doi.org/10.18901/0000039626bb92eb-4459-43ce-a391-76006daff7fb
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
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| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||
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| 公開日 | 2014-03-03 | |||||
| タイトル | ||||||
| タイトル | Conjunct method of deriving a hedonic price index in a secondhand housing market with structural change | |||||
| 言語 | en | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||
| 資源タイプ | departmental bulletin paper | |||||
| ID登録 | ||||||
| ID登録 | 10.18901/00000396 | |||||
| ID登録タイプ | JaLC | |||||
| 著者名 |
Hiroya, Ono
× Hiroya, Ono× Hideoki , Takatuji× Chihiro, Shimizu |
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| 著者名（英） |
Hiroya, Ono
× Hiroya, Ono× Hideoki , Takatuji× Chihiro, Shimizu |
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| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | A hedonic price index is generally defined as the ratio of the price of goods in the t-th period to the price in the base period, where these prices are estimated with conditions of structural change by using each period’s hedonic price model. This paper, however, demonstrates than in the case of the Tokyo metropolitan secondhand housing market, the coefficients of each period’s hedonic price model have moved up and down excessively over the whole estimation period for some reason other than structural changes. Therefore, the model would no longer be effective for the estimation of a hedonic price index. Instead, this paper attempts to develop an Overlapping Period Hedonic Model to remedy the defects of the hedonic price model as described above. Based on the assumption that structural change would take place gradually during a specified period, the new model is estimated by using the observations not only in a current period but also for recent periods of a specified length to eliminate the unexpected effects caused by reasons other than structural changes. A new price index, which is called here the OPHM index, is calculated from the new model. | |||||
| 書誌情報 |
経済社会総合研究センター Working Paper en : RIPESS Working Paper 巻 18, p. 1-48, 発行日 2004-11-25 |
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| 出版者 | ||||||
| 出版者 | 麗澤大学経済社会総合研究センター | |||||
