Consumer Demand with Unobservable Product Attributes - Part I: Theory

John K. Dagsvik

Discussion Papers from Research Department of Statistics Norway

Abstract: This paper develops a new framework for empirical modelling of consumer demand with particular reference to products that are differentiated with respect to quality and location attributes. The point of departure is a flexible representation of the distribution of product attributes and consumer tastes. From this representation and additional behavioral assumptions we derive a structural model for the distribution of the chosen product attributes and the associated quantities. Furthermore, an explicit relationship between the distribution of prices and unit values is obtained.

Keywords: Price distribution; differentiated products; quality attributes; hedonic price indexes. (search for similar items in EconPapers)
JEL-codes: C25 C43 D11 (search for similar items in EconPapers)
Date: 1996-02
View citations in EconPapers

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ssb:dispap:166

Access Statistics for this paper

More papers in Discussion Papers from Research Department of Statistics Norway
Address: P.O.Box 8131 Dep, N-0033 Oslo, Norway
Contact information at EDIRC.
Series data maintained by B Mellemstrand ().