RDP 2014-09: Predicting Dwelling Prices with Consideration of the Sales Mechanism
Equation (B4)
a
t
≡
1
A
t
∑
a
=
1
A
t
p
t
a
=
1
A
t
∑
a
=
1
A
t
(
ψ
a
t
+
γ
a
t
)
μ
t
P
+
1
A
t
∑
a
=
1
A
t
∑
j
=
2
n
a
t
γ
a
t
n
a
t
−
1
ε
j
:
n
a
t
a
+
1
A
t
∑
a
=
1
A
t
ψ
a
t
ε
2
:
n
a
t
a
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