A novel approach to identifying hedonic demand parameters

Nicolai Kuminoff; Jaren C. Pope

doi:10.1016/j.econlet.2012.04.017

A novel approach to identifying hedonic demand parameters

Nicolai Kuminoff, Jaren C. Pope

Research output: Contribution to journal › Article › peer-review

14 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 language	English (US)
Pages (from-to)	374-376
Number of pages	3
Journal	Economics Letters
Volume	116
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2012.04.017
State	Published - Sep 2012

Keywords

Demand
Hedonic
Identification
Quasi-experiment

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2012.04.017

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title = "A novel approach to identifying hedonic demand parameters",

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.",

keywords = "Demand, Hedonic, Identification, Quasi-experiment",

author = "Nicolai Kuminoff and Pope, {Jaren C.}",

year = "2012",

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doi = "10.1016/j.econlet.2012.04.017",

language = "English (US)",

volume = "116",

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journal = "Economics Letters",

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AU - Kuminoff, Nicolai

AU - Pope, Jaren C.

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N2 - 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.

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KW - Demand

KW - Hedonic

KW - Identification

KW - Quasi-experiment

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M3 - Article

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VL - 116

SP - 374

EP - 376

JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

A novel approach to identifying hedonic demand parameters

Abstract

Keywords

ASJC Scopus subject areas

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