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

1 A t a = 1 A t ( ψ a t + γ a t ) p ψ t + γ t as A t 1 A t a = 1 A t ψ a t θ t a p ψ t θ t as A t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaadaWcaa qaaiaaigdaaeaacaWGbbWaaSbaaSqaaiaadshaaeqaaaaakmaaqaha baWaaeWaaeaacqaHipqEdaWgaaWcbaGaamyyaiaadshaaeqaaOGaey 4kaSIaeq4SdC2aaSbaaSqaaiaadggacaWG0baabeaaaOGaayjkaiaa wMcaaaWcbaGaamyyaiabg2da9iaaigdaaeaacaWGbbWaaSbaaWqaai aadshaaeqaaaqdcqGHris5aOWaa4ajaSqaaiaadchaaeqakiaawkzi aiabeI8a5naaBaaaleaacaWG0baabeaakiabgUcaRiabeo7aNnaaBa aaleaacaWG0baabeaakiaaykW7caqGHbGaae4CaiaaykW7caWGbbWa aSbaaSqaaiaadshaaeqaaOGaeyOKH4QaeyOhIukabaWaaSaaaeaaca aIXaaabaGaamyqamaaBaaaleaacaWG0baabeaaaaGcdaaeWbqaaiab eI8a5naaBaaaleaacaWGHbGaamiDaaqabaGccqaH4oqCdaqhaaWcba GaamiDaaqaaiaadggaaaGcdaGdKaWcbaGaamiCaaqabOGaayPKHaGa eqiYdK3aaSbaaSqaaiaadshaaeqaaOGaeqiUde3aaSbaaSqaaiaads haaeqaaOGaaGPaVlaabggacaqGZbGaaGPaVlaadgeadaWgaaWcbaGa amiDaaqabaGccqGHsgIRcaaIWaaaleaacaWGHbGaeyypa0JaaGymaa qaaiaadgeadaWgaaadbaGaamiDaaqabaaaniabggHiLdaaaaa@806A@