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RDP 2014-09: Predicting Dwelling Prices with Consideration of the Sales Mechanism
Equation (B3)
p
t
a
(
s
n
a
t
:
n
a
t
a
,
…
,
s
2
:
n
a
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
)
s
2
:
n
a
t
a
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