1{2 "record_id": "3372ad7c12532642d33524d3fe7c38467c784796",3 "eligible": true,4 "exclusion_reason": null,5 "study": {6 "title": "Estimation of Hedonic Models Using a Multilevel Approach: An Application for the Swiss Rental Market",7 "year": 2008,8 "doi": "10.1007/bf03399271",9 "country": "Switzerland",10 "region_city": "Nationwide (municipalities as level-2 clusters)",11 "sample_start": 2006,12 "sample_end": 2007,13 "property_type": "rental",14 "price_type": "rent",15 "data_source": "Wuest & Partner database of rental apartments owned by institutional investors (contracts starting 2006-2007)",16 "document_type": "journal",17 "estimators": [18 "OLS",19 "other"20 ],21 "spatial_method": "multilevel (random intercept and random slope at municipality level); OLS variants with cantonal dummies",22 "time_fe": true,23 "location_fe": true,24 "se_type": "OLS",25 "n_obs_total": 11913,26 "ai_methods": [],27 "notes": "Swiss Journal of Economics and Statistics 144(4), 679-701. Dependent variable: log yearly rent in CHF. Continuous regressors are mean-centred (Table 2 note). Table 5 compares OLS 1 (cantonal dummies), OLS 2 (cantonal dummies + cantonal interaction terms) and ML (multilevel random-coefficient model, identical to Table 4). Standard errors in parentheses; no stars (bold = significant at 5%, italics at 10%, formatting lost in text extraction, so p_stars left empty). Age squared coefficient (0.005-0.006) is implausibly large for years^2 and the scaling of the squared term is not stated. Time dummies dhj_2/dhj_3 (contract start period) and cantonal dummies/interactions not extracted. Macro-location = log of municipality-level virtual asking price per m2 from a separate spatial model."28 },29 "models": [30 {31 "model_id": "T5-c1",32 "table": "5",33 "column": "1",34 "page": 17,35 "dep_var": "log yearly rent (CHF)",36 "dep_transform": "log",37 "estimator": "OLS",38 "n_obs": 11913,39 "r2": 0.858,40 "se_or_t_in_parentheses": "se",41 "sample_subset": "OLS 1: with cantonal dummies"42 },43 {44 "model_id": "T5-c2",45 "table": "5",46 "column": "2",47 "page": 17,48 "dep_var": "log yearly rent (CHF)",49 "dep_transform": "log",50 "estimator": "OLS",51 "n_obs": 11913,52 "r2": 0.859,53 "se_or_t_in_parentheses": "se",54 "sample_subset": "OLS 2: cantonal dummies + cantonal interaction terms"55 },56 {57 "model_id": "T5-c3",58 "table": "5",59 "column": "3",60 "page": 17,61 "dep_var": "log yearly rent (CHF)",62 "dep_transform": "log",63 "estimator": "other",64 "n_obs": 11913,65 "r2": 0.877,66 "se_or_t_in_parentheses": "se",67 "sample_subset": "ML: two-level multilevel model (random intercept + random slope on dwelling area at municipality level, MLwiN); same estimates as Table 4 p. 14"68 }69 ],70 "coefficients": [71 {72 "model_id": "T5-c1",73 "var_name_printed": "Dwelling area (overall mean effect)",74 "taxonomy_id": "living_area",75 "x_transform": "log",76 "x_unit": "m2",77 "beta": 0.614,78 "se": 0.019,79 "t": null,80 "p": null,81 "p_stars": "",82 "ci_lo": null,83 "ci_hi": null,84 "page": 17,85 "confidence": "high",86 "notes": "Log dwelling area (Table 2); random slope at municipality level in ML model"87 },88 {89 "model_id": "T5-c2",90 "var_name_printed": "Dwelling area (overall mean effect)",91 "taxonomy_id": "living_area",92 "x_transform": "log",93 "x_unit": "m2",94 "beta": 0.63,95 "se": 0.011,96 "t": null,97 "p": null,98 "p_stars": "",99 "ci_lo": null,100 "ci_hi": null,101 "page": 17,102 "confidence": "high",103 "notes": "Log dwelling area (Table 2); random slope at municipality level in ML model"104 },105 {106 "model_id": "T5-c3",107 "var_name_printed": "Dwelling area (overall mean effect)",108 "taxonomy_id": "living_area",109 "x_transform": "log",110 "x_unit": "m2",111 "beta": 0.603,112 "se": 0.017,113 "t": null,114 "p": null,115 "p_stars": "",116 "ci_lo": null,117 "ci_hi": null,118 "page": 17,119 "confidence": "high",120 "notes": "Log dwelling area (Table 2); random slope at municipality level in ML model"121 },122 {123 "model_id": "T5-c1",124 "var_name_printed": "Macro-location (in log)",125 "taxonomy_id": "other",126 "x_transform": "log",127 "x_unit": "CHF per m2 (log)",128 "beta": 0.766,129 "se": 0.025,130 "t": null,131 "p": null,132 "p_stars": "",133 "ci_lo": null,134 "ci_hi": null,135 "page": 17,136 "confidence": "high",137 "notes": "Municipality-level virtual asking rent per m2 from separate spatial model (location attractiveness index)"138 },139 {140 "model_id": "T5-c2",141 "var_name_printed": "Macro-location (in log)",142 "taxonomy_id": "other",143 "x_transform": "log",144 "x_unit": "CHF per m2 (log)",145 "beta": 0.761,146 "se": 0.022,147 "t": null,148 "p": null,149 "p_stars": "",150 "ci_lo": null,151 "ci_hi": null,152 "page": 17,153 "confidence": "high",154 "notes": "Municipality-level virtual asking rent per m2 from separate spatial model (location attractiveness index)"155 },156 {157 "model_id": "T5-c3",158 "var_name_printed": "Macro-location (in log)",159 "taxonomy_id": "other",160 "x_transform": "log",161 "x_unit": "CHF per m2 (log)",162 "beta": 0.789,163 "se": 0.024,164 "t": null,165 "p": null,166 "p_stars": "",167 "ci_lo": null,168 "ci_hi": null,169 "page": 17,170 "confidence": "high",171 "notes": "Municipality-level virtual asking rent per m2 from separate spatial model (location attractiveness index)"172 },173 {174 "model_id": "T5-c1",175 "var_name_printed": "Age in years",176 "taxonomy_id": "age",177 "x_transform": "level",178 "x_unit": "years",179 "beta": -0.007,180 "se": 0.0,181 "t": null,182 "p": null,183 "p_stars": "",184 "ci_lo": null,185 "ci_hi": null,186 "page": 17,187 "confidence": "medium",188 "notes": "Age of building, mean-centred; SE printed as 0.000 (rounded)"189 },190 {191 "model_id": "T5-c2",192 "var_name_printed": "Age in years",193 "taxonomy_id": "age",194 "x_transform": "level",195 "x_unit": "years",196 "beta": -0.007,197 "se": 0.0,198 "t": null,199 "p": null,200 "p_stars": "",201 "ci_lo": null,202 "ci_hi": null,203 "page": 17,204 "confidence": "medium",205 "notes": "Age of building, mean-centred; SE printed as 0.000 (rounded)"206 },207 {208 "model_id": "T5-c3",209 "var_name_printed": "Age in years",210 "taxonomy_id": "age",211 "x_transform": "level",212 "x_unit": "years",213 "beta": -0.007,214 "se": 0.0,215 "t": null,216 "p": null,217 "p_stars": "",218 "ci_lo": null,219 "ci_hi": null,220 "page": 17,221 "confidence": "medium",222 "notes": "Age of building, mean-centred; SE printed as 0.000 (rounded)"223 },224 {225 "model_id": "T5-c1",226 "var_name_printed": "Age squared",227 "taxonomy_id": "age",228 "x_transform": "squared",229 "x_unit": "years",230 "beta": 0.005,231 "se": 0.0,232 "t": null,233 "p": null,234 "p_stars": "",235 "ci_lo": null,236 "ci_hi": null,237 "page": 17,238 "confidence": "medium",239 "notes": "Squared age term; scaling not stated (coefficient implausibly large for raw years^2); SE printed as 0.000 (rounded)"240 },241 {242 "model_id": "T5-c2",243 "var_name_printed": "Age squared",244 "taxonomy_id": "age",245 "x_transform": "squared",246 "x_unit": "years",247 "beta": 0.005,248 "se": 0.0,249 "t": null,250 "p": null,251 "p_stars": "",252 "ci_lo": null,253 "ci_hi": null,254 "page": 17,255 "confidence": "medium",256 "notes": "Squared age term; scaling not stated (coefficient implausibly large for raw years^2); SE printed as 0.000 (rounded)"257 },258 {259 "model_id": "T5-c3",260 "var_name_printed": "Age squared",261 "taxonomy_id": "age",262 "x_transform": "squared",263 "x_unit": "years",264 "beta": 0.006,265 "se": 0.0,266 "t": null,267 "p": null,268 "p_stars": "",269 "ci_lo": null,270 "ci_hi": null,271 "page": 17,272 "confidence": "medium",273 "notes": "Squared age term; scaling not stated (coefficient implausibly large for raw years^2); SE printed as 0.000 (rounded)"274 },275 {276 "model_id": "T5-c1",277 "var_name_printed": "Number of rooms",278 "taxonomy_id": "bedrooms",279 "x_transform": "level",280 "x_unit": "count",281 "beta": 0.053,282 "se": 0.005,283 "t": null,284 "p": null,285 "p_stars": "",286 "ci_lo": null,287 "ci_hi": null,288 "page": 17,289 "confidence": "high",290 "notes": "Number of rooms in the apartment (not bedrooms specifically)"291 },292 {293 "model_id": "T5-c2",294 "var_name_printed": "Number of rooms",295 "taxonomy_id": "bedrooms",296 "x_transform": "level",297 "x_unit": "count",298 "beta": 0.054,299 "se": 0.005,300 "t": null,301 "p": null,302 "p_stars": "",303 "ci_lo": null,304 "ci_hi": null,305 "page": 17,306 "confidence": "high",307 "notes": "Number of rooms in the apartment (not bedrooms specifically)"308 },309 {310 "model_id": "T5-c3",311 "var_name_printed": "Number of rooms",312 "taxonomy_id": "bedrooms",313 "x_transform": "level",314 "x_unit": "count",315 "beta": 0.052,316 "se": 0.005,317 "t": null,318 "p": null,319 "p_stars": "",320 "ci_lo": null,321 "ci_hi": null,322 "page": 17,323 "confidence": "high",324 "notes": "Number of rooms in the apartment (not bedrooms specifically)"325 },326 {327 "model_id": "T5-c1",328 "var_name_printed": "Number of apartments",329 "taxonomy_id": "other",330 "x_transform": "level",331 "x_unit": "count",332 "beta": -0.0001,333 "se": 0.0,334 "t": null,335 "p": null,336 "p_stars": "",337 "ci_lo": null,338 "ci_hi": null,339 "page": 17,340 "confidence": "medium",341 "notes": "Number of apartments in the building; SE printed as 0.000 (rounded)"342 },343 {344 "model_id": "T5-c2",345 "var_name_printed": "Number of apartments",346 "taxonomy_id": "other",347 "x_transform": "level",348 "x_unit": "count",349 "beta": -0.0001,350 "se": 0.0,351 "t": null,352 "p": null,353 "p_stars": "",354 "ci_lo": null,355 "ci_hi": null,356 "page": 17,357 "confidence": "medium",358 "notes": "Number of apartments in the building; SE printed as 0.000 (rounded)"359 },360 {361 "model_id": "T5-c3",362 "var_name_printed": "Number of apartments",363 "taxonomy_id": "other",364 "x_transform": "level",365 "x_unit": "count",366 "beta": -0.0002,367 "se": 0.0,368 "t": null,369 "p": null,370 "p_stars": "",371 "ci_lo": null,372 "ci_hi": null,373 "page": 17,374 "confidence": "medium",375 "notes": "Number of apartments in the building; SE printed as 0.000 (rounded)"376 },377 {378 "model_id": "T5-c1",379 "var_name_printed": "Floor level",380 "taxonomy_id": "floor_level",381 "x_transform": "level",382 "x_unit": "count",383 "beta": 0.006,384 "se": 0.001,385 "t": null,386 "p": null,387 "p_stars": "",388 "ci_lo": null,389 "ci_hi": null,390 "page": 17,391 "confidence": "high",392 "notes": "Position of the apartment in the building"393 },394 {395 "model_id": "T5-c2",396 "var_name_printed": "Floor level",397 "taxonomy_id": "floor_level",398 "x_transform": "level",399 "x_unit": "count",400 "beta": 0.007,401 "se": 0.001,402 "t": null,403 "p": null,404 "p_stars": "",405 "ci_lo": null,406 "ci_hi": null,407 "page": 17,408 "confidence": "high",409 "notes": "Position of the apartment in the building"410 },411 {412 "model_id": "T5-c3",413 "var_name_printed": "Floor level",414 "taxonomy_id": "floor_level",415 "x_transform": "level",416 "x_unit": "count",417 "beta": 0.009,418 "se": 0.001,419 "t": null,420 "p": null,421 "p_stars": "",422 "ci_lo": null,423 "ci_hi": null,424 "page": 17,425 "confidence": "high",426 "notes": "Position of the apartment in the building"427 },428 {429 "model_id": "T5-c1",430 "var_name_printed": "Condition",431 "taxonomy_id": "condition",432 "x_transform": "level",433 "x_unit": "1-5 scale",434 "beta": 0.063,435 "se": 0.003,436 "t": null,437 "p": null,438 "p_stars": "",439 "ci_lo": null,440 "ci_hi": null,441 "page": 17,442 "confidence": "high",443 "notes": "Condition of the building, scale 1 (worst) to 5 (best)"444 },445 {446 "model_id": "T5-c2",447 "var_name_printed": "Condition",448 "taxonomy_id": "condition",449 "x_transform": "level",450 "x_unit": "1-5 scale",451 "beta": 0.063,452 "se": 0.003,453 "t": null,454 "p": null,455 "p_stars": "",456 "ci_lo": null,457 "ci_hi": null,458 "page": 17,459 "confidence": "high",460 "notes": "Condition of the building, scale 1 (worst) to 5 (best)"461 },462 {463 "model_id": "T5-c3",464 "var_name_printed": "Condition",465 "taxonomy_id": "condition",466 "x_transform": "level",467 "x_unit": "1-5 scale",468 "beta": 0.065,469 "se": 0.003,470 "t": null,471 "p": null,472 "p_stars": "",473 "ci_lo": null,474 "ci_hi": null,475 "page": 17,476 "confidence": "high",477 "notes": "Condition of the building, scale 1 (worst) to 5 (best)"478 },479 {480 "model_id": "T5-c1",481 "var_name_printed": "Standard",482 "taxonomy_id": "luxury_finishes",483 "x_transform": "level",484 "x_unit": "1-5 scale",485 "beta": 0.018,486 "se": 0.004,487 "t": null,488 "p": null,489 "p_stars": "",490 "ci_lo": null,491 "ci_hi": null,492 "page": 17,493 "confidence": "high",494 "notes": "Standard (fit-out quality) of the apartment, scale 1-5"495 },496 {497 "model_id": "T5-c2",498 "var_name_printed": "Standard",499 "taxonomy_id": "luxury_finishes",500 "x_transform": "level",501 "x_unit": "1-5 scale",502 "beta": 0.019,503 "se": 0.004,504 "t": null,505 "p": null,506 "p_stars": "",507 "ci_lo": null,508 "ci_hi": null,509 "page": 17,510 "confidence": "high",511 "notes": "Standard (fit-out quality) of the apartment, scale 1-5"512 },513 {514 "model_id": "T5-c3",515 "var_name_printed": "Standard",516 "taxonomy_id": "luxury_finishes",517 "x_transform": "level",518 "x_unit": "1-5 scale",519 "beta": 0.024,520 "se": 0.004,521 "t": null,522 "p": null,523 "p_stars": "",524 "ci_lo": null,525 "ci_hi": null,526 "page": 17,527 "confidence": "high",528 "notes": "Standard (fit-out quality) of the apartment, scale 1-5"529 },530 {531 "model_id": "T5-c1",532 "var_name_printed": "Micro-location",533 "taxonomy_id": "other",534 "x_transform": "level",535 "x_unit": "1-5 scale",536 "beta": 0.007,537 "se": 0.003,538 "t": null,539 "p": null,540 "p_stars": "",541 "ci_lo": null,542 "ci_hi": null,543 "page": 17,544 "confidence": "high",545 "notes": "Composite site-quality rating within municipality (prestige, noise, view, public transport access), 1-5"546 },547 {548 "model_id": "T5-c2",549 "var_name_printed": "Micro-location",550 "taxonomy_id": "other",551 "x_transform": "level",552 "x_unit": "1-5 scale",553 "beta": 0.007,554 "se": 0.003,555 "t": null,556 "p": null,557 "p_stars": "",558 "ci_lo": null,559 "ci_hi": null,560 "page": 17,561 "confidence": "high",562 "notes": "Composite site-quality rating within municipality (prestige, noise, view, public transport access), 1-5"563 },564 {565 "model_id": "T5-c3",566 "var_name_printed": "Micro-location",567 "taxonomy_id": "other",568 "x_transform": "level",569 "x_unit": "1-5 scale",570 "beta": 0.009,571 "se": 0.003,572 "t": null,573 "p": null,574 "p_stars": "",575 "ci_lo": null,576 "ci_hi": null,577 "page": 17,578 "confidence": "high",579 "notes": "Composite site-quality rating within municipality (prestige, noise, view, public transport access), 1-5"580 },581 {582 "model_id": "T5-c1",583 "var_name_printed": "Mixed building",584 "taxonomy_id": "dwelling_type",585 "x_transform": "binary",586 "x_unit": "binary",587 "beta": 0.033,588 "se": 0.005,589 "t": null,590 "p": null,591 "p_stars": "",592 "ci_lo": null,593 "ci_hi": null,594 "page": 17,595 "confidence": "high",596 "notes": "Dummy for mixed commercial and residential building"597 },598 {599 "model_id": "T5-c2",600 "var_name_printed": "Mixed building",601 "taxonomy_id": "dwelling_type",602 "x_transform": "binary",603 "x_unit": "binary",604 "beta": 0.032,605 "se": 0.005,606 "t": null,607 "p": null,608 "p_stars": "",609 "ci_lo": null,610 "ci_hi": null,611 "page": 17,612 "confidence": "high",613 "notes": "Dummy for mixed commercial and residential building"614 },615 {616 "model_id": "T5-c3",617 "var_name_printed": "Mixed building",618 "taxonomy_id": "dwelling_type",619 "x_transform": "binary",620 "x_unit": "binary",621 "beta": 0.038,622 "se": 0.005,623 "t": null,624 "p": null,625 "p_stars": "",626 "ci_lo": null,627 "ci_hi": null,628 "page": 17,629 "confidence": "high",630 "notes": "Dummy for mixed commercial and residential building"631 }632 ]633}