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Consider the hedonic housing price function determined by Grether and Mieszkowski (1974). Based on their function, how much would a 1,092 square foot house with
- Consider the hedonic housing price function determined by Grether and Mieszkowski (1974).
- Based on their function, how much would a 1,092 square foot house with 2 bedrooms, 1 bathroom, 2 family rooms, a 5,703 square foot lot, a fireplace and a two car garage that was built in 1955 be worth?
- If you were to create your own personal hedonic housing price function, what attributes would have the larges hedonic coefficients, and why?
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