RDP 2006-03: Australian House Prices: A Comparison of Hedonic and Repeat-sales Measures
Equation (6)
p
i
t
=
∑
t
=
1
T
D
1
i
t
α
t
+
∑
t
=
1
υ
−
1
[
X
i
t
β
1
+
D
2
i
t
X
i
t
γ
1
]
+
∑
t
=
υ
T
[
X
i
t
β
2
+
D
2
i
t
X
i
t
γ
2
]
+
ε
i
t
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