A novel approach to identifying hedonic demand parameters

Nicolai Kuminoff, Jaren C. Pope

Research output: Contribution to journalArticle

10 Scopus citations

Abstract

This note presents a new solution to the classic problem with using hedonic price functions to recover demand curves. Unexpected changes in the composition of a differentiated product can generate instruments that support a simple reduced-form approach to demand estimation.

Original languageEnglish (US)
Pages (from-to)374-376
Number of pages3
JournalEconomics Letters
Volume116
Issue number3
DOIs
StatePublished - Sep 1 2012

Keywords

  • Demand
  • Hedonic
  • Identification
  • Quasi-experiment

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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