| アイテムタイプ |
デフォルトアイテムタイプ（フル）その２(1) |
| 公開日 |
2011-05-06 |
| タイトル |
|
|
タイトル |
House Prices at Different Stages of the Buying/Selling Process |
|
言語 |
en |
| 作成者 |
Shimizu, Chihiro
Nishimura, Kiyohiko G.
渡辺, 努
|
| 寄与者 |
|
|
寄与者タイプ |
Editor |
|
|
姓名 |
日本経済の物価変動ダイナミクスの解明 = Understanding Inflation Dynamics of the Japanese Economy |
|
|
言語 |
en |
|
|
|
所属機関名 |
Hitotsubashi University |
| アクセス権 |
|
|
アクセス権 |
metadata only access |
|
アクセス権URI |
http://purl.org/coar/access_right/c_14cb |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
house price index; |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
quantile regressions |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
hedonic regressions |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
quality adjustment |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
goodness-of-fit tests |
| 内容記述 |
|
|
内容記述タイプ |
Other |
|
内容記述 |
First draft: January 30, 2011 |
|
言語 |
en |
| 内容記述 |
|
|
内容記述タイプ |
Other |
|
内容記述 |
This version: February 2, 2011 |
| 内容記述 |
|
|
内容記述タイプ |
Abstract |
|
内容記述 |
In constructing a housing price index, one has to make at least two important decisions. One is the choice among alternative estimation methods. The other one is the choice among different data sources of house prices. The choice of datasets has been regarded as critically important from the practical viewpoint; nevertheless it has not been discussed much in the literature. We will fill this gap by comparing the distributions of prices collected at different stages of the house buying/selling process, including (1) initial asking prices listed on a magazine, (2) asking prices at which an offer is made by a buyer, (3) contract prices reported by realtors after mortgage approval, and (4) registry prices. These four prices are collected by different parties and recorded in different datasets. We find that there exist substantial differences between the price distributions for the four prices, as well as between the distributions of house attributes. However, once quality differences are eliminated by employing quantile hedonic regressions as proposed by Machado and Mata (2005), there remain only small differences between them. This suggests that prices collected at different stages of the house buying/selling process are still comparable, and therefore useful in constructing a house price index, as long as they are quality adjusted in an appropriate way. |
| 出版者 |
|
|
出版者 |
Research Center for Price Dynamics, Institute of Economic Research, Hitotsubashi University |
| 日付 |
|
|
日付 |
2011-02 |
|
日付タイプ |
Issued |
| 言語 |
|
|
言語 |
eng |
| 資源タイプ |
|
|
資源タイプ識別子 |
http://purl.org/coar/resource_type/c_18gh |
|
資源タイプ |
technical report |
| 出版タイプ |
|
|
出版タイプ |
NA |
|
出版タイプResource |
http://purl.org/coar/version/c_be7fb7dd8ff6fe43 |
| 関連情報 |
|
|
関連タイプ |
isPartOf |
|
|
識別子タイプ |
HDL |
|
|
関連識別子 |
http://hdl.handle.net/10086/19116 |
|
|
関連名称 |
This version has been revised. The new version is available at http://hdl.handle.net/10086/19116 |
| 関連情報 |
|
|
関連タイプ |
isReplacedBy |
|
|
識別子タイプ |
URI |
|
|
関連識別子 |
http://www.ier.hit-u.ac.jp/~ifd/ |
|
|
関連名称 |
Working Paper Series ; No. 69 |
| Sponsorship |
|
|
値 |
学術創成研究費 = Grant-in-Aid for Creative Scientific Research |
| JEL |
|
|
値 |
R21 |
| JEL |
|
|
値 |
R31 |
| JEL |
|
|
値 |
C10 |
