Econometric models of the demand for quality-differentiated goods

Michael Hanemann ()

No 6294, CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics

Abstract: This paper presents several models of the demand for quality differentiated goods in which the consumer decides which brand of product to select as well as how many units to buy. The models cover a variety of preference structures and can readily be estimated using standard techniques for switching regressions. From the fitted demand equations, one can calculate monetary measures of the welfare effects of changes in the price, quality, or variety of the brands. The models are then applied to data on households' demands for recreation sites in the Boston area, and the values of the sites are calculated.

Keywords: Consumer/Household Economics; Demand and Price Analysis; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 43
Date: 1983
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/6294/files/wp830272.pdf (application/pdf)

Related works:
Working Paper: Econometric Models of the Demand for Quality-Differentiated Goods (1983)
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: https://EconPapers.repec.org/RePEc:ags:ucbecw:6294

DOI: 10.22004/ag.econ.6294

Access Statistics for this paper

More papers in CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().