Baudry, marc; Maslianskaia-Pautrel, Masha - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2012
The article highlights the role of heterogeneity in the formation of hedonic prices. The article distinguishes between continuous and groupwise heterogeneity. The distinction helps understanding two important points. First, the analysis of market equilibrium with groupwise heterogeneity makes...