Alternative Housing Price Indices: An Evaluation
为温哥华两个社区构建了十一种替代性住房价格指数，并用三个标准评估其表现，发现基于平均销售价格的指数和几种特征价格指数效果较好。
This paper reports on research in which eleven alternative housing price indices are constructed for two Vancouver neighbourhoods for the period from 1957 to 1979. Three criteria for good indices are presented, and the eleven indices, as well as several government and industry indices are evaluated in accordance with those criteria. It is determined that, almost surprisingly, an index based on mean sales values performs well, as do several of the hedonic price equation based indices. Several policy implications of the analysis are then discussed.