Identifying Hedonic Models
نویسندگان
چکیده
منابع مشابه
Identifying Hedonic Models
Economic models for hedonic markets characterize the pricing of bundles of attributes and the demand and supply of these attributes under different assumptions about market structure, preferences, and technology (see Jan Tinbergen [1956], Sherwin Rosen [1974], and Dennis Epple [1987] for contributions to this literature). While the theory is well formulated and delivers some elegant analytical ...
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Entropy Methods for Identifying Hedonic Models 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 ...
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Hedonic pricing models attempt to model a relationship between object attributes and the object’s price. Traditional hedonic pricing models are often parametric models that suffer from misspecification. In this paper we create these models by means of boosted CART models. The method is explained in detail and applied to various datasets. Empirically, we find substantial reduction of errors on o...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2002
ISSN: 0002-8282
DOI: 10.1257/000282802320189447