RDP 2006-03: Australian House Prices: A Comparison of Hedonic and Repeat-sales Measures
Equation (3)
p
i
t
−
p
i
τ
=
∑
t
=
1
T
D
1
i
t
α
t
−
∑
τ
=
1
T
D
1
i
τ
α
t
+
(
X
i
t
−
X
i
τ
)
β
+
(
ε
i
t
−
ε
i
τ
)
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