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RDP 2014-09: Predicting Dwelling Prices with Consideration of the Sales Mechanism
Equation
E
(
I
i
(
(
1
−
ψ
i
t
)
ε
i
t
b
+
ψ
i
t
ε
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t
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)
)
=
E
(
(
1
−
ψ
i
t
)
ε
i
t
b
+
ψ
i
t
ε
i
t
s
|
ε
i
t
b
≥
ε
i
t
s
)
×
Pr
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ε
i
t
b
≥
ε
i
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=
f
(
ψ
˜
t
,
ϕ
t
,
θ
t
)
×
Pr
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ε
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t
b
≥
ε
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v
a
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(
1
n
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∑
i
=
1
n
˜
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1
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ε
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