EFFICIENT ESTIMATION OF THE COSTS OF RENT CONTROLS - A COMMENT

• 成果类型: Note
• 署名作者: MOON, CG; STOTSKY, JG
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.2307/2109646
• 发表日期: 1993-02
• 页码: 184-187
• 关键词: implicit markets; hedonic prices; demand

摘要

Caudill, Ault, and Saba (1989) introduce an approach to estimating a hedonic price equation that accounts for censoring due to rent control in a rental housing market. This paper extends and clarifies their assertion on the consistency of the ordinary least squares estimates (OLS) and their estimates. We indicate how the nature of the rent control law affects the consistency properties of the two estimation methods.