Entropy methods for identifying hedonic models

Arnaud Dupuy (), Alfred Galichon and Marc Henry

Papers from arXiv.org

Abstract: This paper contributes to the literature on hedonic models in two ways. First, it makes use of Queyranne's reformulation of a hedonic model in the discrete case as a network flow problem in order to provide a proof of existence and integrality of a hedonic equilibrium and efficient computation of hedonic prices. Second, elaborating on entropic methods developed in Galichon and Salani\'{e} (2014), this paper proposes a new identification strategy for hedonic models in a single market. This methodology allows one to introduce heterogeneities in both consumers' and producers' attributes and to recover producers' profits and consumers' utilities based on the observation of production and consumption patterns and the set of hedonic prices.

Date: 2021-02
New Economics Papers: this item is included in nep-dcm
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Published in Mathematics and Financial Economics 8 (2014) pp. 405-416

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http://arxiv.org/pdf/2102.07491 Latest version (application/pdf)

Related works:
Working Paper: Entropy Methods for Identifying Hedonic Models (2014)
Working Paper: Entropy Methods for Identifying Hedonic Models (2014)
Working Paper: Entropy methods for identifying hedonic models (2014)
Working Paper: Entropy Methods for Identifying Hedonic Models (2014)
Working Paper: Entropy methods for identifying hedonic models (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2102.07491

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