Using frontier models to mitigate omitted variable bias in hedonic pricing models : a case study for air quality in Bogotá, Colombia

Hedonic pricing models use property value differentials to value changes in environmental quality. If unmeasured quality attributes of residential properties are correlated with an environmental quality measure of interest, conventional methods for estimating implicit prices will be biased. Because...

Full description

Autores:

Carriazo Osorio, Fernando
Ready, Richard
Shortle, James S.

Tipo de recurso:

Work document

Fecha de publicación:

2011

Institución:

Universidad de los Andes

Repositorio:

Séneca: repositorio Uniandes

Idioma:

eng

OAI Identifier:

oai:repositorio.uniandes.edu.co:1992/8228

Acceso en línea:

http://hdl.handle.net/1992/8228

Palabra clave:

Hedonic pricing model
Omitted variables
Air quality
Frontier model
Precios - Modelos econométricos - Bogotá (Colombia) - Estudio de casos
Calidad del aire - Bogotá (Colombia)
Modelos económicos - Investigaciones - Bogotá (Colombia)
Q51, Q53

Rights

openAccess

License

http://creativecommons.org/licenses/by-nc-nd/4.0/