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International Policy Discussion in Property Price Indices Read chapter Read first chapter

2020 | OriginalPaper | Chapter

2. Theoretical Background of Hedonic Measure and Repeat Sales Measure-Survey-

Authors : W. Erwin Diewert, Kiyohiko G. Nishimura, Chihiro Shimizu, Tsutomu Watanabe

Published in: Property Price Index

Publisher: Springer Japan

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Abstract

When it comes to methods of quality adjustment for property price indexes, if one looks at the Residential Property Price Indices Handbook published by EuroStat in 2013, it present a variety of methods along with their advantages and disadvantages: (a) Stratification or Mix Adjustment Methods, (b) Hedonic Regression Methods, (c) Repeat Sales Methods, and (d) Appraisal-Based Methods. This is because, in reality, multiple methods have been applied in the estimation of property price indexes.

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Footnotes
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Metadata
Title
Theoretical Background of Hedonic Measure and Repeat Sales Measure-Survey-
Authors
W. Erwin Diewert
Kiyohiko G. Nishimura
Chihiro Shimizu
Tsutomu Watanabe
Copyright Year
2020
Publisher
Springer Japan
Book
Property Price Index

Print ISBN: 978-4-431-55940-5

Electronic ISBN: 978-4-431-55942-9

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-4-431-55942-9_2