Entropy Methods for Identifying Hedonic Models

Arnaud Dupuy (), Alfred Galichon and Marc Henry

No 8178, IZA Discussion Papers from Institute of Labor Economics (IZA)

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 computational techniques of hedonic prices. Second, elaborating on entropic methods developed in Galichon and Salanié (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 models; entropic methods; identification (search for similar items in EconPapers)
JEL-codes: D12 J3 L11 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2014-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Published - published in: Mathematics and Financial Economics, 2014, 8 (4), 405-416

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https://docs.iza.org/dp8178.pdf (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)
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