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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
)
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@7149@