| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10278 |
| 来源ID | Working Paper 10278 |
| Demand Estimation with Heterogeneous Consumers and Unobserved Product Characteristics: A Hedonic Approach | |
| C. Lanier Benkard; Patrick Bajari | |
| 发表日期 | 2004-02-02 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | We study the identification and estimation of Gorman-Lancaster style hedonic models of demand for differentiated products for the case when one product characteristic is not observed. Our identification and estimation strategy is a two-step approach in the spirit of Rosen (1974). Relative to Rosen's approach, we generalize the first stage estimation to allow for a single dimensional unobserved product characteristic, and also allow the hedonic pricing function to have a general, non-additive structure. In the second stage, if the product space is continuous and the functional form of utility is known then there exists an inversion between the consumer's choices and her preference parameters. This inversion can be used to recover the distribution of random coefficients nonparametrically. For the more common case when the set of products is finite, we use the revealed preference conditions from the hedonic model to develop a Gibbs sampling estimator for the distribution of random coefficients. We apply our methods to estimating personal computer demand. |
| 主题 | Industrial Organization ; Microeconomics |
| URL | https://www.nber.org/papers/w10278 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/567907 |
| 推荐引用方式 GB/T 7714 | C. Lanier Benkard,Patrick Bajari. Demand Estimation with Heterogeneous Consumers and Unobserved Product Characteristics: A Hedonic Approach. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10278.pdf（426KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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