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

f ( ψ ˜ t , ϕ t , θ t ) = { ( 1 ψ ˜ t ) ϕ t 2 2 θ t + ψ ˜ t θ t 2 i f ϕ t θ t ( 1 ψ ˜ t ) ϕ t 2 + ψ ˜ t θ t 2 2 ϕ t i f ϕ t > θ t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamOzamaabm aabaGafqiYdKNbaGaadaWgaaWcbaGaamiDaaqabaGccaGGSaGaeqy1 dy2aaSbaaSqaaiaadshaaeqaaOGaaiilaiabeI7aXnaaBaaaleaaca WG0baabeaaaOGaayjkaiaawMcaaiabg2da9maaceaabaqbaeaabiqa aaqaaiabgkHiTmaabmaabaGaaGymaiabgkHiTiqbeI8a5zaaiaWaaS baaSqaaiaadshaaeqaaaGccaGLOaGaayzkaaWaaSaaaeaacqaHvpGz daqhaaWcbaGaamiDaaqaaiaaikdaaaaakeaacaaIYaGaeqiUde3aaS baaSqaaiaadshaaeqaaaaakiabgUcaRiqbeI8a5zaaiaWaaSbaaSqa aiaadshaaeqaaOWaaSaaaeaacqaH4oqCdaWgaaWcbaGaamiDaaqaba aakeaacaaIYaaaaiaaykW7caWGPbGaamOzaiaaykW7cqaHvpGzdaWg aaWcbaGaamiDaaqabaGccqGHKjYOcqaH4oqCdaWgaaWcbaGaamiDaa qabaaakeaacqGHsisldaqadaqaaiaaigdacqGHsislcuaHipqEgaac amaaBaaaleaacaWG0baabeaaaOGaayjkaiaawMcaamaalaaabaGaeq y1dy2aaSbaaSqaaiaadshaaeqaaaGcbaGaaGOmaaaacqGHRaWkcuaH ipqEgaacamaaBaaaleaacaWG0baabeaakmaalaaabaGaeqiUde3aa0 baaSqaaiaadshaaeaacaaIYaaaaaGcbaGaaGOmaiabew9aMnaaBaaa leaacaWG0baabeaaaaGccaaMc8UaamyAaiaadAgacaaMc8Uaeqy1dy 2aaSbaaSqaaiaadshaaeqaaOGaeyOpa4JaeqiUde3aaSbaaSqaaiaa dshaaeqaaaaaaOGaay5Eaaaaaa@899F@