메뉴 건너뛰기




Volumn 88, Issue 1, 2006, Pages 100-112

Estimating house price indexes in the presence of seller reservation prices

Author keywords

[No Author keywords available]

Indexed keywords


EID: 32544446701     PISSN: 00346535     EISSN: 15309142     Source Type: Journal    
DOI: 10.1162/003465306775565783     Document Type: Article
Times cited : (60)

References (48)
  • 1
    • 84985819448 scopus 로고
    • Paintings as investment
    • Anderson, R. C., "Paintings as Investment," Economic Inquiry 12 (1974), 13-26.
    • (1974) Economic Inquiry , vol.12 , pp. 13-26
    • Anderson, R.C.1
  • 2
    • 0001368861 scopus 로고
    • Testing for price anomalies in real-estate auctions
    • Ashenfelter, O., and D. Genovese, 'Testing for Price Anomalies in Real-Estate Auctions," American Economic Review 82 (1992), 501-505.
    • (1992) American Economic Review , vol.82 , pp. 501-505
    • Ashenfelter, O.1    Genovese, D.2
  • 4
    • 0037497348 scopus 로고    scopus 로고
    • Trading is hazardous to your wealth: The common stock investment performance of individual investors
    • Barber, B. M., and T. Odean, "Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors," Journal of Finance 55 (2000), 773-806.
    • (2000) Journal of Finance , vol.55 , pp. 773-806
    • Barber, B.M.1    Odean, T.2
  • 5
    • 0040884260 scopus 로고    scopus 로고
    • Boys will be boys: Gender, overconfidence, and common stock investment
    • _ "Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investment," Quarterly Journal of Economics 116 (2001), 261-292.
    • (2001) Quarterly Journal of Economics , vol.116 , pp. 261-292
  • 6
    • 0036111572 scopus 로고    scopus 로고
    • Online investors: Do the slow die first?
    • _ "Online Investors: Do the Slow Die First?" Review of Financial Studies 15 (2002), 455-487.
    • (2002) Review of Financial Studies , vol.15 , pp. 455-487
  • 7
    • 84983925192 scopus 로고
    • On choosing among house price index methodologies
    • Case, B., H. Pollakowski, and S. Wachter, "On Choosing among House Price Index Methodologies," AREUEA Journal 19 (1991), 286-307.
    • (1991) AREUEA Journal , vol.19 , pp. 286-307
    • Case, B.1    Pollakowski, H.2    Wachter, S.3
  • 8
    • 0002905632 scopus 로고
    • Prices of single family homes since 1970: New indexes for four cities
    • September/October
    • Case, K., and R. Shiller, "Prices of Single Family Homes since 1970: New Indexes for Four Cities," New England Economic Review (September/October 1987), 46-56.
    • (1987) New England Economic Review , pp. 46-56
    • Case, K.1    Shiller, R.2
  • 9
    • 84900013243 scopus 로고
    • Does the stock market overreact?
    • DeBondt, W., and R. Thaler, "Does the Stock Market Overreact?" Journal of Finance 40 (1985), 793-805.
    • (1985) Journal of Finance , vol.40 , pp. 793-805
    • Debondt, W.1    Thaler, R.2
  • 11
    • 0037259124 scopus 로고    scopus 로고
    • Nominal loss aversion, housing equity constraints, and household mobility: Evidence from the united states
    • Engelhardt, G. V., "Nominal Loss Aversion, Housing Equity Constraints, and Household Mobility: Evidence from the United States," Journal of Urban Economics 53 (2003), 171-195.
    • (2003) Journal of Urban Economics , vol.53 , pp. 171-195
    • Engelhardt, G.V.1
  • 12
    • 30244577347 scopus 로고    scopus 로고
    • Controlling for the impact of variable liquidity in commercial real estate price indices
    • Fisher, J., D. Gatzlaff, D. Geltner, and R. Haurin, "Controlling for the Impact of Variable Liquidity in Commercial Real Estate Price Indices," Real Estate Economics 31 (2003), 269-303.
    • (2003) Real Estate Economics , vol.31 , pp. 269-303
    • Fisher, J.1    Gatzlaff, D.2    Geltner, D.3    Haurin, R.4
  • 14
    • 0013134393 scopus 로고    scopus 로고
    • Sample selection and biases in local house value indices
    • _ "Sample Selection and Biases in Local House Value Indices," Journal of Urban Economics 43 (1998), 199-222.
    • (1998) Journal of Urban Economics , vol.43 , pp. 199-222
  • 15
    • 0031413175 scopus 로고    scopus 로고
    • Equity and time to sale in the real estate market
    • Genesove, D., and C. Mayer, "Equity and Time to Sale in the Real Estate Market," American Economic Review 87 (1997), 255-269.
    • (1997) American Economic Review , vol.87 , pp. 255-269
    • Genesove, D.1    Mayer, C.2
  • 16
    • 0040481570 scopus 로고    scopus 로고
    • Loss aversion and seller behavior: Evidence from the housing market
    • _ "Loss Aversion and Seller Behavior: Evidence from the Housing Market," Quarterly Journal of Economics 116 (2001), 1233-1260.
    • (2001) Quarterly Journal of Economics , vol.116 , pp. 1233-1260
  • 17
    • 0032218127 scopus 로고    scopus 로고
    • Selling time and selling price: The influence of seller motivation
    • Glower, M., D. R. Haurin, and P. H. Hendershott, "Selling Time and Selling Price: The Influence of Seller Motivation," Real Estate Economics 26 (1998), 719-740.
    • (1998) Real Estate Economics , vol.26 , pp. 719-740
    • Glower, M.1    Haurin, D.R.2    Hendershott, P.H.3
  • 18
    • 0000224644 scopus 로고
    • Accounting for taste: Art and the financial markets over three centuries
    • Goetzmann, W., "Accounting for Taste: Art and the Financial Markets over Three Centuries," American Economic Review 83 (1993), 1370-1376.
    • (1993) American Economic Review , vol.83 , pp. 1370-1376
    • Goetzmann, W.1
  • 20
    • 0002128413 scopus 로고
    • Hedonic price indexes for automobiles: An econometric analysis of quality change
    • U.S. Congress, Joint Economic Committee
    • Griliches, Z., "Hedonic Price Indexes for Automobiles: An Econometric Analysis of Quality Change" (pp. 173-196), in U.S. Congress, Joint Economic Committee, Government Price Statistics (1961).
    • (1961) Government Price Statistics , pp. 173-196
    • Griliches, Z.1
  • 23
    • 0011021778 scopus 로고
    • Social experimentation, truncated distributions, and efficient estimation
    • Hausman, J. A., and D. A. Wise, "Social Experimentation, Truncated Distributions, and Efficient Estimation," Econometrica 45 (1977), 919-938.
    • (1977) Econometrica , vol.45 , pp. 919-938
    • Hausman, J.A.1    Wise, D.A.2
  • 24
    • 0001065872 scopus 로고
    • Shadow wages, market prices, and labor supply
    • Heckman, J., "Shadow Wages, Market Prices, and Labor Supply," Econometrica 42 (1974), 679-684.
    • (1974) Econometrica , vol.42 , pp. 679-684
    • Heckman, J.1
  • 25
    • 0001766028 scopus 로고
    • The common structure of statistical models of truncation, sample selection and limited dependent variables and a simple estimator for such models
    • _ "The Common Structure of Statistical models of Truncation, Sample Selection and Limited Dependent Variables and a Simple Estimator for Such Models," Annals of Economic and Social Measurement 5 (1976), 475-492.
    • (1976) Annals of Economic and Social Measurement , vol.5 , pp. 475-492
  • 26
    • 0000125534 scopus 로고
    • Sample selection bias as a specification error
    • _ "Sample Selection Bias As a Specification Error," Econometrica 47 (1979), 153-161.
    • (1979) Econometrica , vol.47 , pp. 153-161
  • 27
    • 0003185216 scopus 로고
    • A search-theoretic approach to monetary economics
    • Kiyotaki, N., and R. Wright, "A Search-Theoretic Approach to Monetary Economics," American Economic Review 83 (1993), 63-77.
    • (1993) American Economic Review , vol.83 , pp. 63-77
    • Kiyotaki, N.1    Wright, R.2
  • 28
    • 0033440210 scopus 로고    scopus 로고
    • Leverage and house-price dynamics in U.S. cities
    • Lamont, O., and J. Stein, "Leverage and House-Price Dynamics in U.S. Cities," Rand Journal of Economics 30 (1999), 498-514.
    • (1999) Rand Journal of Economics , vol.30 , pp. 498-514
    • Lamont, O.1    Stein, J.2
  • 29
    • 33747501218 scopus 로고
    • Some approaches to the correction of selectivity bias
    • Lee, L. F., "Some Approaches to the Correction of Selectivity Bias," Review of Economic Studies, 49 (1982), 355-372.
    • (1982) Review of Economic Studies , vol.49 , pp. 355-372
    • Lee, L.F.1
  • 30
    • 0031509268 scopus 로고    scopus 로고
    • The construction of residential housing price indices: A comparison of repeat-sales, hedonic-regression, and hybrid approaches
    • Meese, R., and N. Wallace, 'The Construction of Residential Housing Price Indices: A Comparison of Repeat-Sales, Hedonic-Regression, and Hybrid Approaches," Journal of Real Estate Finance and Economics 14 (1997), 51-73.
    • (1997) Journal of Real Estate Finance and Economics , vol.14 , pp. 51-73
    • Meese, R.1    Wallace, N.2
  • 31
    • 0040081814 scopus 로고    scopus 로고
    • Art as investment and the underperformance of masterpieces: Evidence from 1875-2002
    • Mei, J., and M. Moses, "Art as Investment and the Underperformance of Masterpieces: Evidence from 1875-2002," American Economic Review 92 (2002), 1656-1668.
    • (2002) American Economic Review , vol.92 , pp. 1656-1668
    • Mei, J.1    Moses, M.2
  • 32
    • 0013590257 scopus 로고
    • Pricing strategies and residential property selling prices
    • Miller, N., and M. Sklarz, "Pricing Strategies and Residential Property Selling Prices," Journal of Real Estate Research 2 (1987), 31-40.
    • (1987) Journal of Real Estate Research , vol.2 , pp. 31-40
    • Miller, N.1    Sklarz, M.2
  • 33
    • 77956866524 scopus 로고
    • Job search and labor market analysis
    • O. Ashenfelter and R. Layard (Eds.), Amsterdam: North Holland
    • Mortensen, D. T., "Job Search and Labor Market Analysis," in O. Ashenfelter and R. Layard (Eds.), Handbook in Labor Economics (Amsterdam: North Holland, 1986).
    • (1986) Handbook in Labor Economics
    • Mortensen, D.T.1
  • 34
    • 0010104544 scopus 로고    scopus 로고
    • Are investors reluctant to realize their losses?
    • Odean, T., "Are Investors Reluctant to Realize Their Losses?" Journal of Finance 53 (1998), 1775-1798.
    • (1998) Journal of Finance , vol.53 , pp. 1775-1798
    • Odean, T.1
  • 35
    • 0001242340 scopus 로고    scopus 로고
    • Do investors trade too much?
    • _ "Do Investors Trade Too Much?" American Economic Review 89 (1999), 1279-1298.
    • (1999) American Economic Review , vol.89 , pp. 1279-1298
  • 37
    • 84858535340 scopus 로고    scopus 로고
    • Housing market dynamics: On the contribution of income shocks and credit constraints
    • Ortalo-Magné, F., and S. Rady, "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints," CESifo working paper series no. 470 (2004).
    • (2004) CESifo Working Paper Series No. 470 , vol.470
    • Ortalo-Magné, F.1    Rady, S.2
  • 38
    • 0007885666 scopus 로고    scopus 로고
    • Disposition effect and firm size: New evidence on individual investor trading activity
    • Ranguelova, E., "Disposition Effect and Firm Size: New Evidence on Individual Investor Trading Activity," Harvard University working paper (2001).
    • (2001) Harvard University Working Paper
    • Ranguelova, E.1
  • 39
    • 0001791734 scopus 로고
    • Hedonic price and implicit markets: Product differentiation in pure competition
    • Rosen, S., "Hedonic Price and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy 82 (1974), 34-55.
    • (1974) Journal of Political Economy , vol.82 , pp. 34-55
    • Rosen, S.1
  • 40
    • 84930063848 scopus 로고
    • The disposition to sell winners too early and ride losers too long: Theory and evidence
    • Shefrin, H., and M. Statman, "The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence," Journal of Finance 40 (1985), 777-791.
    • (1985) Journal of Finance , vol.40 , pp. 777-791
    • Shefrin, H.1    Statman, M.2
  • 41
    • 0029507570 scopus 로고
    • Prices and trading volume in the housing market: A model with down-payment effects
    • Stein, J. C., "Prices and Trading Volume in the Housing Market: A Model with Down-Payment Effects," Quarterly Journal of Economics, 110 (1995), 379-406.
    • (1995) Quarterly Journal of Economics , vol.110 , pp. 379-406
    • Stein, J.C.1
  • 42
    • 0004677025 scopus 로고
    • The estimation of quality-adjusted rates of return in stamp auctions
    • Taylor, W., "The Estimation of Quality-Adjusted Rates of Return in Stamp Auctions," Journal of Finance 38 (1983), 1095-1110.
    • (1983) Journal of Finance , vol.38 , pp. 1095-1110
    • Taylor, W.1
  • 43
    • 0345111261 scopus 로고
    • On the theory of income distribution
    • L. H. Klaassen, L. M. Koyck, and H. J. Witeveen (Eds.), Amsterdam: North-Holland, 1959
    • Tinbergen, J. (1959): "On the Theory of Income Distribution," in L. H. Klaassen, L. M. Koyck, and H. J. Witeveen (Eds.), Selected Papers of Jan Tinbergen (Amsterdam: North-Holland, 1959).
    • (1959) Selected Papers of Jan Tinbergen
    • Tinbergen, J.1
  • 44
    • 0031628810 scopus 로고    scopus 로고
    • The disposition effect in securities trading: An experimental analysis
    • Weber, M., and C. Camerer, "The Disposition Effect in Securities Trading: An Experimental Analysis," Journal of Economic Behavior & Organization 33 (1998), 167-184
    • (1998) Journal of Economic Behavior & Organization , vol.33 , pp. 167-184
    • Weber, M.1    Camerer, C.2
  • 45
    • 84858545369 scopus 로고    scopus 로고
    • How do prior outcomes affect risky choice? Further evidence on the house-money effect and escalation of commitment
    • Weber, M., and H. Zuchel, "How Do Prior Outcomes Affect Risky Choice? Further Evidence on the House-Money Effect and Escalation of Commitment," Universität Mannheim working paper (2001).
    • (2001) Universität Mannheim Working Paper
    • Weber, M.1    Zuchel, H.2
  • 46
    • 84934453132 scopus 로고
    • Vacancy, search, and prices in a housing market matching model
    • Wheaton, W. C., "Vacancy, Search, and Prices in a Housing Market Matching Model," Journal of Political Economy 98 (1990), 1270-1292.
    • (1990) Journal of Political Economy , vol.98 , pp. 1270-1292
    • Wheaton, W.C.1
  • 47
    • 0001298159 scopus 로고
    • An estimate of a structural hedonic price model of the housing market: An application of rosen's theory of implicit markets
    • Witte, A. D., H. Sumka, and H. Erekson, "An Estimate of a Structural Hedonic Price Model of the Housing Market: An Application of Rosen's Theory of Implicit Markets" Econometrica, 47 (1979), 1151-1173.
    • (1979) Econometrica , vol.47 , pp. 1151-1173
    • Witte, A.D.1    Sumka, H.2    Erekson, H.3
  • 48
    • 38249033290 scopus 로고
    • Matching, search and bargaining
    • Wolinsky, A., "Matching, Search and Bargaining," Journal of Economic Theory 42(1987), 311-333.
    • (1987) Journal of Economic Theory , vol.42 , pp. 311-333
    • Wolinsky, A.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.