Entropy Methods for Identifying Hedonic Models

Arnaud Dupuy, Alfred Galichon () and Marc Henry
Additional contact information
Alfred Galichon: ECON - Département d'économie (Sciences Po) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique

SciencePo Working papers Main from HAL

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 Salanié (Cupid's invisible hand: social surplus and identification in matching models. Working Paper, 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.

Keywords: Hedonic Equilibrium; Generalized Entropy; Single Market Identification (search for similar items in EconPapers)
Date: 2014-09
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03393019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Mathematics and Financial Economics, 2014, 8 (4), pp.405 - 516. ⟨10.1007/s11579-014-0125-1⟩

Downloads: (external link)
https://sciencespo.hal.science/hal-03393019/document (application/pdf)

Related works:
Working Paper: Entropy methods for identifying hedonic models (2021)
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)
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:hal:spmain:hal-03393019

DOI: 10.1007/s11579-014-0125-1

Access Statistics for this paper

More papers in SciencePo Working papers Main from HAL
Bibliographic data for series maintained by Contact - Sciences Po Departement of Economics ().