Hedonic Estimation under Very General Conditions Using Experimental and Quasi-Experimental Designs
نویسندگان
چکیده
Hedonic Estimation under Very General Conditions Using Experimental and Quasi-Experimental Designs This paper develops a generalized hedonic model in which an exogenous shock to a single product attribute can affect other attributes, the markets for the product’s complements and substitutes, and aggregate quantity produced. These factors are shown to be empirically relevant and to cause bias in traditional approaches. Experimental and quasi-experimental estimators of attribute demand are introduced that address these biases, are transparent, and are straightforward to implement. One of these estimators is applied to measure the marginal military recruit’s valuation of educational benefits, which is found to range across packages from -$0.024 to +$0.467 per dollar of benefits. JEL Classification: D12, C35, C31, D61, C9
منابع مشابه
A Generalized Theory of Hedonic Estimation Using Experimental and Quasi-Experimental Designs
This paper develops a generalized framework for hedonic estimation that exploits experimental and quasi-experimental designs to relax many assumptions required by previous approaches. In the context of an idealized experiment, the identifiability is established of the distribution across consumers of the Marginal Willingness to Pay (MWTP) for a given product-specific amenity with few restrictio...
متن کاملQuasi - Experiments and Hedonic Property Value Methods ∗
There has recently been a dramatic increase in the number of papers that have combined quasi-experimental methods with hedonic property models. This is largely due to the concern that cross-sectional hedonic methods may be severely biased by omitted variables. While the empirical literature has developed extensively, there has not been a consistent treatment of the theory and methods of combini...
متن کاملEXPERIMENTAL AND QUASI-EXPERIMENT Al DESIGNS FOR RESEARCH
under the longer tide "Experimental and Quasi-Experimental Designs for Research on Teaching." As a result, the introductory pages and many of the illustrations come from educational research. But as a study of the references will indicat<:,the survey. draws from the social sciences m general, and the methodological recommendations are correspondingly broadly appropriate. For the convenience of ...
متن کاملA tutorial on Quasi-experimental designs
A main step in answering a scientific hypothesis in an epidemiological study is deciding which type of study is suitable to be undertaken, considering methodology, practical considerations and budget and time limitations
متن کاملExperimental and Numerical Investigation of Lateral Loading of Thin –Walled Tube with Different Indenter
Impact is one of very important subjects which always have been considered in mechanical science. Nature of impact is such that which makes its control a hard task. Therefore it is required to present the transfer of impact to other vulnerable part of a structure, when it is necessary, one of the best method of absorbing energy of impact, is by using Thin-walled tubes these tubes collapses unde...
متن کامل