G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w17611
来源IDWorking Paper 17611
Hedonic Prices and Implicit Markets: Estimating Marginal Willingness to Pay for Differentiated Products Without Instrumental Variables
Kelly C. Bishop; Christopher Timmins
发表日期2011-11-17
出版年2011
语种英语
摘要The hedonic model of Rosen (1974) has become a workhorse for valuing the characteristics of differentiated products despite a number of well-documented econometric problems. For example, Bartik (1987) and Epple (1987) each describe a source of endogeneity in the second stage of Rosen's procedure that has proven difficult to overcome. In this paper, we propose a new approach for recovering the marginal willingness-to-pay function that altogether avoids these endogeneity problems. Applying this estimator to data on large changes in violent crime rates, we find that marginal willingness-to-pay increases by ten cents with each additional violent crime per 100,000 residents.
主题Environmental and Resource Economics ; Environment ; Regional and Urban Economics
URLhttps://www.nber.org/papers/w17611
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/575286
推荐引用方式
GB/T 7714
Kelly C. Bishop,Christopher Timmins. Hedonic Prices and Implicit Markets: Estimating Marginal Willingness to Pay for Differentiated Products Without Instrumental Variables. 2011.
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
w17611.pdf(347KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Kelly C. Bishop]的文章
[Christopher Timmins]的文章
百度学术
百度学术中相似的文章
[Kelly C. Bishop]的文章
[Christopher Timmins]的文章
必应学术
必应学术中相似的文章
[Kelly C. Bishop]的文章
[Christopher Timmins]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w17611.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。