SEMIPARAMETRIC ESTIMATES OF THE MARGINAL PRICE OF FLOORSPACE - COMMENT

被引：7

作者：

COLWELL, PF ^{[1
]}

机构：

[1] UNIV ILLINOIS, OFF REAL ESTATE RES, URBANA, IL 61801 USA

来源：

JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS | 1993年 / 7卷 / 01期

关键词：

D O I：

10.1007/BF01096937

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Theory indicates that the marginal price of floorspace must decline with increasing floorspace in the context of a hedonic model. The industry offer curves, their lower envelope, and the hedonic function must be concave because some elements of structure, notably exterior walls, increase at a slower rate than does floorspace. Coulson's finding to the contrary is probably attributable to an omitted variable problem.

引用

页码：73 / 75

页数：3