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Hedonic estimation under very general conditions using experimental and quasi-experimental designs

Rohlfs, Chris; Sullivan, Ryan; Kniesner, Thomas J. - 2013

This paper develops a generalized hedonic model in which an exogenous shock to a single product attribute can affect other attributes, the markets for the product's complements and substitutes, and aggregate quantity produced. These factors are shown to be empirically relevant and to cause bias...

Persistent link: https://www.econbiz.de/10009787341

A note on the estimation of job amenities and labor productivity

Dupuy, Arnaud; Galichon, Alfred - 2017

This note introduces a maximum likelihood estimator of the value of job amenities and labor productivity in a single matching market based on the observation of equilibrium matches and wages. The estimation procedure simultaneously fits both the matching patterns and the wage curve. Our...

Persistent link: https://www.econbiz.de/10011704355

Maximum Likelihood Estimation and Lagrange Multiplier Tests for Panel Seemingly Unrelated Regressions with Spatial Lag and Spatial Errors : An Application to Hedonic Housing Prices in Paris

Baltagi, Badi H. - 2010

This paper proposes maximum likelihood estimators for panel seemingly unrelated regressions with both spatial lag and spatial error components. We study the general case where spatial effects are incorporated via spatial errors terms and via a spatial lag dependent variable and where the...

Persistent link: https://www.econbiz.de/10013137243

Maximum likelihood estimation and lagrange multiplier tests for panel seemingly unrelated regressions with spatial lag and spatial errors : an application to hedonic housing prices in Paris

Baltagi, Badi H.; Bresson, Georges - 2010

Persistent link: https://www.econbiz.de/10009013035

Hedonic Pricing with Redevelopment Options : A New Approach to Estimating Depreciation Effects

Clapp, John M. - 2011

The standard hedonic model of durable assets is a special case of a more general model that contains two additive terms: 1) use value of the existing hedonic vector and 2) the value of the option to reconfigure hedonic characteristics. One empirical implication is that the two parts of value are...

Persistent link: https://www.econbiz.de/10013134130

Semiparametric model of hedonic housing prices in Japan

Karato, Koji; Movshuk, Oleksandr; Shimizu, Chihiro - In: Asian economic journal : journal of the East Asian … 29 (2015) 4, pp. 325-345

Persistent link: https://www.econbiz.de/10011459469

Sealed-Bid Auction of Dutch Mussels : Statistical Analysis

Kleijnen, Jack P. C. - 2007

This article presents an econometric analysis of the many data on the sealed-bid auction that sells mussels in Yerseke town, the Netherlands. The goals of this analysis are obtaining insight into the important factors that determine the price of these mussels, and quantifying the performance of...

Persistent link: https://www.econbiz.de/10012728771

Estimating the amenity costs of global warming in Brazil : getting the most from available data

Timmins, Christopher - 1999

Persistent link: https://www.econbiz.de/10001536342

Estimating the amenity costs of global warming in Brazil : getting the most from available data

Timmins, Christopher - 1999

This paper develops a theoretically consistent technique for valuing non-marketed local attributes using compensating income differentials in the absence of housing market data. The individual's indirect utility function is identified with aggregate data describing equilibrium location...

Persistent link: https://www.econbiz.de/10011613025

Modelling Scale Effect in Cross-Section Data : The Case of Hedonic Price Regression

Qin, Duo - 2015

An innovative and simple experiment with cross-section data ordering is carried out to exploit a basic feature between … many economic variables – nonlinear scale dependence. The experiment is tried on hedonic price models using two data sets … derived from our experiment deviate significantly from those conventionally constructed indices, indicating the latter being …

Persistent link: https://www.econbiz.de/10013027921