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Specification of a Hedonic Model for Rental Apartment Buildings in Berlin
Journal of Applied Business and Economics
View Archive Info| Field | Value | |
| Title |
Specification of a Hedonic Model for Rental Apartment Buildings in Berlin
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| Creator |
Sanftenberg, Anne
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| Description |
This paper focuses on the estimation of a multiple-regression model (hedonic model) for pricingapartment buildings. With the hedonic model, the price of a residential property can be segmented into its various properties in order to subsequently assign individual prices to these properties. In addition to selecting the target size, the specification of a hedonic model also requires ascertaining the price determining independent variables, choosing the correct functional form and defining the sub-market to be examined. This paper provides various approaches to identify the relevant contributing factors for the target size, and analogously, finds the most optimal functional form (inter alia) via an iterative path of model estimation.
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| Publisher |
North American Business Press
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| Date |
2018-12-30
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion |
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| Format |
application/pdf
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| Identifier |
https://articlegateway.com/index.php/JABE/article/view/223
10.33423/jabe.v20i9.223 |
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| Source |
Journal of Applied Business and Economics; Vol 20 No 9 (2018)
1499-691X 10.33423/jabe.v20i9 |
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| Language |
eng
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| Relation |
https://articlegateway.com/index.php/JABE/article/view/223/193
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| Rights |
Copyright (c) 2018 Journal of Applied Business and Economics
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