Une remise en cause de la méthode des prix hédoniques en présence d'une segmentation de marché

Marc Baudry and Masha Maslianskaïa-Pautrel ()

Revue économique, 2011, vol. 62, issue 3, 567-578

Abstract: This article deals with the incidence of consumers? heterogeneity on the formation of hedonic price functions with a focus on the emergence of market segmentation. Two major points are outlined: (i) in the presence of group-wise heterogeneity, consumers are endogenously gathered on intervals of values of the argument of the hedonic price function, defined as an index of housing services; (ii) the resulting segmentation invalidates the standard two stages estimation method more specifically used to assess the value of local environmental goods. Classification JEL : R31, Q51.

JEL-codes: Q51 R31 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (4)

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