Municipal assessments versus actual sales prices in hedonic price studies

In most hedonic price model studies, the actual sales price of a property is employed as the dependent variable in the parametric regression analysis. Although the use of this price is pervasive, alternatives to it do exist. One such alternative is the assessed property value, which is more readily...

Full description

Bibliographic Details
Main Authors: Mario Du Preez, Michael Sale
Format: Article
Language:English
Published: AOSIS 2015-04-01
Series:Journal of Economic and Financial Sciences
Subjects:
Online Access:https://jefjournal.org.za/index.php/jef/article/view/82