RDP 2014-09: Predicting Dwelling Prices with Consideration of the Sales Mechanism Equation

\begin{array}{l} ν_{i t}^{p s} = μ_{t}^{P} + ε_{i t}^{p s} \\ ν_{i t}^{p b} = μ_{t}^{P} + ε_{i t}^{p b} \end{array}