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

α = ( 1 − ∑ j = 1 n g j ) β − 1 γ p j = g j + ( g j + … .. + g n ) γ a j = − β − 1 ( g j + ( g j + … .. + g n ) ) e t = u t + ∑ j = n + 1 ∞ g j L j z t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeWabqqaaa aabaGaeqySdeMaeyypa0ZaaeWaaeaacaaIXaGaeyOeI0YaaabCaeaa caWGNbWaaSbaaSqaaiaadQgaaeqaaaqaaiaadQgacqGH9aqpcaaIXa aabaGaamOBaaqdcqGHris5aaGccaGLOaGaayzkaaGaeqOSdi2aaWba aSqabeaacqGHsislcaaIXaaaaaGcbaGaeq4SdC2aaSbaaSqaaiaadc hacaWGQbaabeaakiabg2da9iaadEgadaWgaaWcbaGaamOAaaqabaGc cqGHRaWkdaqadaqaaiaadEgadaWgaaWcbaGaamOAaaqabaGccqGHRa WkcqWIMaYscaGGUaGaaiOlaiabgUcaRiaadEgadaWgaaWcbaGaamOB aaqabaaakiaawIcacaGLPaaaaeaacqaHZoWzdaWgaaWcbaGaamyyai aadQgaaeqaaOGaeyypa0JaeyOeI0IaeqOSdi2aaWbaaSqabeaacqGH sislcaaIXaaaaOWaaeWaaeaacaWGNbWaaSbaaSqaaiaadQgaaeqaaO Gaey4kaSYaaeWaaeaacaWGNbWaaSbaaSqaaiaadQgaaeqaaOGaey4k aSIaeSOjGSKaaiOlaiaac6cacqGHRaWkcaWGNbWaaSbaaSqaaiaad6 gaaeqaaaGccaGLOaGaayzkaaaacaGLOaGaayzkaaaabaGaamyzamaa BaaaleaacaWG0baabeaakiabg2da9iaadwhadaWgaaWcbaGaamiDaa qabaGccqGHRaWkdaaeWbqaaiaadEgadaWgaaWcbaGaamOAaaqabaGc caWGmbWaaWbaaSqabeaacaWGQbaaaOGaamOEamaaBaaaleaacaWG0b aabeaaaeaacaWGQbGaeyypa0JaamOBaiabgUcaRiaaigdaaeaacqGH EisPa0GaeyyeIuoaaaaaaa@851A@