A novel approach to identifying hedonic demand parameters

This note presents a new solution to the classic problem with using hedonic price functions to recover demand curves. Unexpected changes in the composition of a differentiated product can generate instruments that support a simple reduced-form approach to demand estimation.

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Year of publication:	2012
Authors:	Kuminoff, Nicolai V. ; Pope, Jaren C.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 116.2012, 3, p. 374-376
Publisher:	Elsevier
Subject:	Demand \| Hedonic \| Identification \| Quasi-experiment

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Type of publication:	Article
Classification:	C31 - Cross-Sectional Models; Spatial Models ; D12 - Consumer Economics: Empirical Analysis ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010594119