Hedonic Prices and Implicit Markets: Estimating Marginal Willingness to Pay for Differentiated Products Without Instrumental Variables
收藏NBER2011-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17611
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The hedonic model of Rosen (1974) has become a workhorse for valuing the characteristics of differentiated products despite a number of well-documented econometric problems. For example, Bartik (1987) and Epple (1987) each describe a source of endogeneity in the second stage of Rosen's procedure
提供机构:
美国国家经济研究局
创建时间:
2011-11-01



