The accuracy of real estate indices: Repeat sale estimators

Anderson, Robert C. ?Paintings as Investment.? Economic Enquiry 12:1 (1971), 13?26.

Bailey, M.J., Muth, R.F., and Nourse, H.O. ?A Regression Method for Real Estate Price Index Construction.? Journal of the American Statistical Association 58 (1963), 933?942.

Bickel, Peter J., and Docksum, K. Mathematical Statistics. Oakland, CA: Holden-Day, Inc. 1977.

Case, Carl, and Shiller, Robert. ?Prices of Single Family Homes Since 1970: New Indexes for Four Cities.? National Bureau of Econmics Research Working Paper Series, No. 2393, 1987.

Firstenberg, Paul M., Ross, Stephen A., and Zisler, Randall C. ?Real Estate: The Whole Story.? Journal of Portfolio Management (Spring 1988).

Geltner, David. ?Bias in Appraisal-Based Returns.? AREUEA Journal (Fall 1989), 338ff.

Gau, George, and Wang, K. ?A Further Examination of Appraisal Data and the Potential Bias in Real Estate Return Indexes.? AREUEA Journal (Spring 1990), 40ff.

Goetzmann, William N. ?An Analysis of Art Returns Over Three Centuries.? First Boston Working Paper Series, No. FB-90-II. Columbia University School of Business.

Golub, Gene H., Heath, M. and Wahba, G. ?Generalize Cross Validation as a Method For Choosing the Ridge Parameter.? Technometrics 21 (1979), 215?223.

Hill, R.C. and Zeimer, R.F. ?The Risk of General Stein-Like Estimators in the Presence of Multicollinearity.? Journal of Econometrics 25 (1984), 205?216.

Hoerl, A.E., and Kennard, R.W. ?Ridge Regression: Biased Estimation of Non-Orthogonal Problems.? Technometrics 12 (1970), 69?82.

Judge, George C., et al. The Theory and Practice of Econometrics. New York: John Wiley and Sons, 1985.

Li, K.C. ?From Stein's Unbiased Risk Estimates to the Method of Generalized Cross Validation.? The Annals of Statistics 13 (1985), 1352?1377.

Lindley, D.V., and Smith, A.F.M. ?Bayes Estimates For the Linear Model.? Journal of the Royal Statistical Society 34 (1972) 1?18.

Maritz, J.S., and Lwin, T. Empirical Bayes Methods. London: Chapman and Hall, 1989.

Webb, Cary. ?A Discrete Random Walk Model for Price Levels in Real Estate.? Working Paper, Department of Mathematics, Chicago State University, 1981a.

Webb, Cary. ?The Expected Accuracy of a Real Estate Price Index.? Working Paper, Department of Mathematics, Chicago State University, 1981b.

Webb, Cary. ?Trading Activity and the Variance of an Index Number.? Working Paper, Department of Mathematics, Chicago State University, 1981c.

Webb, Cary. ?A Probabilistic Model for Price Levels in Discontinous Markets.? In: W. Eichhorn, ed., Measurement in Econometrics. Heidelberg: Physica-Verla, 1988.