RDP 2014-09: Predicting Dwelling Prices with Consideration of the Sales Mechanism Equation

B o ( ν i t a ) = ( ψ a t + γ a t ) ν i t a B 1 ( s n a t : n a t , ν i t a ) = γ a t n a t 1 s n a t : n a t a + ( ψ a t + ( n a t 2 ) γ a t n a t 1 ) ν i t a B 2 ( s n a t : n a t a , s n a t a 1 : n a t , ν i t a ) = γ a t n a t 1 ( s n a t : n a t a + s n a t 1 : n a t a ) + ( ψ a t + ( n a t 3 ) γ a t n a t 1 ) ν i t a B n a t 2 ( s n a t : n a t a , , s 2 : n a t a , ν i t a ) = γ a t n a t 1 j = 3 n a t s j : n a t a + ( ψ a t + γ a t n a t 1 ) ν i t a MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeWabuqaaa aabaGaamOqamaaBaaaleaacaWGVbaabeaakmaabmaabaGaeqyVd42a a0baaSqaaiaadMgacaWG0baabaGaamyyaaaaaOGaayjkaiaawMcaai abg2da9maabmaabaGaeqiYdK3aaSbaaSqaaiaadggacaWG0baabeaa kiabgUcaRiabeo7aNnaaBaaaleaacaWGHbGaamiDaaqabaaakiaawI cacaGLPaaacqaH9oGBdaqhaaWcbaGaamyAaiaadshaaeaacaWGHbaa aaGcbaGaamOqamaaBaaaleaacaaIXaaabeaakmaabmaabaGaam4Cam aaBaaaleaacaWGUbWaaSbaaWqaaiaadggacaWG0baabeaaliaacQda caWGUbWaaSbaaWqaaiaadggacaWG0baabeaaaSqabaGccaGGSaGaeq yVd42aa0baaSqaaiaadMgacaWG0baabaGaamyyaaaaaOGaayjkaiaa wMcaaiabg2da9maalaaabaGaeq4SdC2aaSbaaSqaaiaadggacaWG0b aabeaaaOqaaiaad6gadaWgaaWcbaGaamyyaiaadshaaeqaaOGaeyOe I0IaaGymaaaacaWGZbWaa0baaSqaaiaad6gadaWgaaadbaGaamyyai aadshaaeqaaSGaaiOoaiaad6gadaWgaaadbaGaamyyaiaadshaaeqa aaWcbaGaamyyaaaakiabgUcaRmaabmaabaGaeqiYdK3aaSbaaSqaai aadggacaWG0baabeaakiabgUcaRmaalaaabaWaaeWaaeaacaWGUbWa aSbaaSqaaiaadggacaWG0baabeaakiabgkHiTiaaikdaaiaawIcaca GLPaaacqaHZoWzdaWgaaWcbaGaamyyaiaadshaaeqaaaGcbaGaamOB amaaBaaaleaacaWGHbGaamiDaaqabaGccqGHsislcaaIXaaaaaGaay jkaiaawMcaaiabe27aUnaaDaaaleaacaWGPbGaamiDaaqaaiaadgga aaaakeaacaWGcbWaaSbaaSqaaiaaikdaaeqaaOWaaeWaaeaacaWGZb Waa0baaSqaaiaad6gadaWgaaadbaGaamyyaiaadshaaeqaaSGaaiOo aiaad6gadaWgaaadbaGaamyyaiaadshaaeqaaaWcbaGaamyyaaaaki aacYcacaWGZbWaa0baaSqaaiaad6gadaWgaaadbaGaamyyaiaadsha aeqaaaWcbaGaamyyaaaakiabgkHiTiaaigdacaGG6aGaamOBamaaBa aaleaacaWGHbGaamiDaaqabaGccaGGSaGaeqyVd42aa0baaSqaaiaa dMgacaWG0baabaGaamyyaaaaaOGaayjkaiaawMcaaiabg2da9maala aabaGaeq4SdC2aaSbaaSqaaiaadggacaWG0baabeaaaOqaaiaad6ga daWgaaWcbaGaamyyaiaadshaaeqaaOGaeyOeI0IaaGymaaaadaqada qaaiaadohadaqhaaWcbaGaamOBamaaBaaameaacaWGHbGaamiDaaqa baWccaGG6aGaamOBamaaBaaameaacaWGHbGaamiDaaqabaaaleaaca WGHbaaaOGaey4kaSIaam4CamaaDaaaleaacaWGUbWaaSbaaWqaaiaa dggacaWG0baabeaaliabgkHiTiaaigdacaGG6aGaamOBamaaBaaame aacaWGHbGaamiDaaqabaaaleaacaWGHbaaaaGccaGLOaGaayzkaaGa ey4kaSYaaeWaaeaacqaHipqEdaWgaaWcbaGaamyyaiaadshaaeqaaO Gaey4kaSYaaSaaaeaadaqadaqaaiaad6gadaWgaaWcbaGaamyyaiaa dshaaeqaaOGaeyOeI0IaaG4maaGaayjkaiaawMcaaiabeo7aNnaaBa aaleaacaWGHbGaamiDaaqabaaakeaacaWGUbWaaSbaaSqaaiaadgga caWG0baabeaakiabgkHiTiaaigdaaaaacaGLOaGaayzkaaGaeqyVd4 2aa0baaSqaaiaadMgacaWG0baabaGaamyyaaaaaOqaaiabl6Uinbqa aiaadkeadaWgaaWcbaGaamOBamaaBaaameaacaWGHbGaamiDaaqaba WccqGHsislcaaIYaaabeaakmaabmaabaGaam4CamaaDaaaleaacaWG UbWaaSbaaWqaaiaadggacaWG0baabeaaliaacQdacaWGUbWaaSbaaW qaaiaadggacaWG0baabeaaaSqaaiaadggaaaGccaGGSaGaeSOjGSKa aiilaiaadohadaqhaaWcbaGaaGOmaiaacQdacaWGUbWaaSbaaWqaai aadggacaWG0baabeaaaSqaaiaadggaaaGccaGGSaGaeqyVd42aa0ba aSqaaiaadMgacaWG0baabaGaamyyaaaaaOGaayjkaiaawMcaaiabg2 da9maalaaabaGaeq4SdC2aaSbaaSqaaiaadggacaWG0baabeaaaOqa aiaad6gadaWgaaWcbaGaamyyaiaadshaaeqaaOGaeyOeI0IaaGymaa aadaaeWbqaaiaadohadaqhaaWcbaGaamOAaiaacQdacaWGUbWaaSba aWqaaiaadggacaWG0baabeaaaSqaaiaadggaaaGccqGHRaWkdaqada qaaiabeI8a5naaBaaaleaacaWGHbGaamiDaaqabaGccqGHRaWkdaWc aaqaaiabeo7aNnaaBaaaleaacaWGHbGaamiDaaqabaaakeaacaWGUb WaaSbaaSqaaiaadggacaWG0baabeaakiabgkHiTiaaigdaaaaacaGL OaGaayzkaaGaeqyVd42aa0baaSqaaiaadMgacaWG0baabaGaamyyaa aaaeaacaWGQbGaeyypa0JaaG4maaqaaiaad6gadaWgaaadbaGaamyy aiaadshaaeqaaaqdcqGHris5aaaaaaa@2FC6@