caa a22 4500 477129943 CHVBK 20180405111702.0 cr unu---uuuuu 170330e19970101xx s 000 0 eng 10.1023/A:1007720001268 doi (NATIONALLICENCE)springer-10.1023/A:1007720001268 Aggregation Bias in Repeat-Sales Indices [Elektronische Daten] [Jonathan Dombrow, J. Knight, C. Sirmans] The repeat-sales methodology has become a standard approach for estimating real estate price indices. This article examines the underlying assumptions inherent in the repeat sales model and provides an empirical test for both included and omitted variables as sources of aggregation bias. The results indicate that virtually all price indices may be biased, the degree of bias being dependent upon the number of variables examined and the instability of their parameters over time. Kluwer Academic Publishers, 1997 price index nationallicence housing nationallicence aggregation bias nationallicence varying parameters nationallicence repeat sales nationallicence Dombrow Jonathan School of Business Administration, Center for Real Estate and Urban Economic Studies, University of Connecticut, 368 Fairfield Road, U-41RE, 06269-2041, Storrs, CT aut Knight J. Eberhardt School of Business, University of the Pacific, 3601 Pacific Avenue, 95211, Stockton, CA aut Sirmans C. School of Business Administration, Center for Real Estate and Urban Economic Studies, University of Connecticut, 368 Fairfield Road, U-41RE, 06269-2041, Storrs, CT aut The Journal of Real Estate Finance and Economics Kluwer Academic Publishers 14/1-2(1997-01-01), 75-88 0895-5638 14:1-2<75 1997 14 11146 https://doi.org/10.1023/A:1007720001268 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1023/A:1007720001268 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Dombrow Jonathan School of Business Administration, Center for Real Estate and Urban Economic Studies, University of Connecticut, 368 Fairfield Road, U-41RE, 06269-2041, Storrs, CT aut NATIONALLICENCE 700 1- Knight J. Eberhardt School of Business, University of the Pacific, 3601 Pacific Avenue, 95211, Stockton, CA aut NATIONALLICENCE 700 1- Sirmans C. School of Business Administration, Center for Real Estate and Urban Economic Studies, University of Connecticut, 368 Fairfield Road, U-41RE, 06269-2041, Storrs, CT aut NATIONALLICENCE 773 0- The Journal of Real Estate Finance and Economics Kluwer Academic Publishers 14/1-2(1997-01-01), 75-88 0895-5638 14:1-2<75 1997 14 11146 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer