Talks and Poster Presentations (without Proceedings-Entry):
S. Banabak:
"Econometric Rent Modeling in a Highly Regulated Market";
Talk: 27th Annual European Real Estate Society Conference,
Kaiserslautern;
2021-06-02
- 2021-06-05.
English abstract:
This paper proposes a semiparemetric hedonic rent model tailored to the Viennese private rental market. Based on the broader hedonic rent modeling literature and explicitly considering the debates within a broader housing research literature on Vienna, several candidate models are suggested. Various extension include heterogeneity between the regulatory regimes as well as local deviations in time-trend as well as the use of a spatially structured predictor. The models are estimated using a large and unique set of microdata and performance is compared by AIC. Indeed, we find evidence to include all of the proposed extensions.
Keywords:
Vienna, Housing Rents, STAR Models, Hedonic Rent Modeling
Created from the Publication Database of the Vienna University of Technology.