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      House prices in the Ottoman Empire: evidence from eighteenth‐century Edirne†

      1 , 2
      The Economic History Review
      Wiley

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          Capital in the Twenty-First Century

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            On the Estimation of Structural Hedonic Price Models

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              Quantile Regression with Clustered Data

              We study the properties of the quantile regression estimator when data are sampled from independent and identically distributed clusters, and show that the estimator is consistent and asymptotically normal even when there is intra-cluster correlation. A consistent estimator of the covariance matrix of the asymptotic distribution is provided, and we propose a specification test capable of detecting the presence of intra-cluster correlation. A small simulation study illustrates the finite sample performance of the test and of the covariance matrix estimator.
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                Author and article information

                Contributors
                (View ORCID Profile)
                Journal
                The Economic History Review
                The Economic History Review
                Wiley
                0013-0117
                1468-0289
                February 2021
                July 26 2020
                February 2021
                : 74
                : 1
                : 6-33
                Affiliations
                [1 ]Middle East Technical University
                [2 ]University College London
                Article
                10.1111/ehr.13001
                3b4e9fa3-5b55-4fdf-8d13-538e634f44c0
                © 2021

                http://creativecommons.org/licenses/by/4.0/

                http://doi.wiley.com/10.1002/tdm_license_1.1

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