A novel approach to identifying hedonic demand parameters

Nicolai Kuminoff and Jaren Pope

Economics Letters, 2012, vol. 116, issue 3, 374-376

Abstract: This note presents a new solution to the classic problem with using hedonic price functions to recover demand curves. Unexpected changes in the composition of a differentiated product can generate instruments that support a simple reduced-form approach to demand estimation.

Keywords: Demand; Hedonic; Identification; Quasi-experiment (search for similar items in EconPapers)
JEL-codes: C31 D12 L11 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:3:p:374-376

DOI: 10.1016/j.econlet.2012.04.017

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