Identification and estimation of hedonic models

Journal of Political Economy

Volumn 112, Issue 1, 2004, Pages

  Ekeland, Ivar ^a   Heckman, James J ^b   Nesheim, Lars ^c  

^a UNIVERSITY OF BRITISH COLUMBIA   (Canada)

^b UNIVERSITY OF CHICAGO   (United States)

^c UNIVERSITY COLLEGE LONDON   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

DEMAND ELASTICITY; HEDONIC ANALYSIS; MARKET CONDITIONS; MODEL; THEORETICAL STUDY;

EID: 1842842955     PISSN: 00223808     EISSN: None     Source Type: Journal    
DOI: 10.1086/379947     Document Type: Article

References (35)

1. Abraham, Ralph, and Joel Robbin. 1967. Transversal Mappings and Flows. New York: Benjamin.
2. Amemiya, Takeshi. 1975. "The Nonlinear Limited-Information Maximum-Likelihood Estimator and the Modified Nonlinear Two-Stage Least-Squares Estimator." J. Econometrics 3 (November): 375-86.
3. Aubin, Jean-Pierre, and Ivar Ekeland. 1984. Applied Nonlinear Analysis. New York: Wiley.
4. Bartik, Timothy J. 1987. "The Estimation of Demand Parameters in Hedonic Price Models." J.P.E. 95 (February): 81-88.
5. Blundell, Richard, and James Powell. 2003. "Endogeneity in Nonparametric and Semiparametric Regressions Models." In Advances in Economics and Econometrics, edited by Matthias Dewatripont, Lars Peter Hansen, and Stephen J. Turnovsky. Cambridge: Cambridge Univ. Press.
6. Brown, James N. 1983, "Structural Estimation in Implicit Markets." In The Measurement of Labor Cost, edited by Jack E. Triplett. Chicago: Univ. Chicago Press (for NBER).
7. Brown, James N., and Harvey S. Rosen. 1982. "On the Estimation of Structural Hedonic Price Models." Econometrica 50 (May): 765-68.
8. Darolles, Serge, Jean-Pierre Florens, and Eric Renault. 2001. "Nonparametric Instrumental Variable Regression." Manuscript. Toulouse: Univ. Toulouse, Dept. Econ.
9. Epple, Dennis. 1987. "Hedonic Prices and Implicit Markets: Estimating Demand and Supply Functions for Differentiated Products." J.P.E. 95 (February): 59-80.
10. Epple, Dennis, and Holger Sieg. 1999. "Estimating Equilibrium Models of Local Jurisdictions." JPE. 107 (August): 645-81.
11. Fisher, Franklin M. 1966. The Identification Problem in Econometrics. New York: McGraw-Hill.
12. Florens, Jean-Pierre, James J. Heckman, Costas Meghir, and Edward Vytlacil. 2000. "Instrumental Variables, Local Instrumental Variables and Control Functions." Manuscript. Toulouse: Univ. Toulouse, Dept. Econ.
13. Hausman, Jerry A. 1980. "The Effect of Wages, Taxes, and Fixed Costs on Women's Labor Force Participation." J Public Econ. 14 (October): 161-94.
14. Heckman, James J. 1974. "Effects of Child-Care Programs on Women's Work Effort." J.P.E. 82, no. 2, pt. 2, (Marc/April): S136-S163. Reprint in Economics of the Family: Maniage, Children, and Human Capital, edited by Theodore W. Schultz. Chicago: Univ. Chicago Press (for NBER).
15. Heckman, James J. 1999. "Notes on Hedonic Models." Manuscript. Chicago: Univ. Chicago, Dept. Econ.
16. Heckman, James J., Rosa Matzkin, and Lars Nesheim. 2002, "Identification and Estimation of Hedonic Models: The Vector Nonseparable Case with Missing Attributes." Manuscript. Chicago: Univ. Chicago, Dept. Econ.
17. Heckman, James J., and Richard Robb, Jr. 1985. "Alternative Methods for Evaluating the Impact of Interventions." In Longitudinal Analysis of Labor Market Data, edited by James J. Heckman and Burton Singer. Monograph Series no. 10. New York: Cambridge Univ. Press (for Econometric Sec.).
18. Heckman, James J., and Edward Vytlacil. 1998. "Instrumental Variables Methods for the Correlated Random Coefficient Model: Estimating the Average Rate of Return to Schooling When the Return Is Correlated with Schooling." J. Human Resources 33 (Fall): 974-87.
19. Horowitz, Joel L. 1998. Semiparametric. Methods in Econometrics. New York: Springer-Verlag.
20. Ito, Kiyosi, and Henry P. McKean, Jr. 1974. Diffusion Processes and Their Sample Paths. 2d ed. Berlin: Springer-Verlag.
21. Kahn, Shulamit, and Kevin Lang. 1988. "Efficient Estimation of Structural Hedonic Systems." Internat. Econ. Rev. 29 (February): 157-66.
22. Kelejian, Harry H. 1971. "Two-Stage Least Squares and Econometric Systems Linear in Parameters but Nonlinear in the Endogenous Variables." J. American Statis. Assoc. 66 (June): 373-74.
23. Mas-Colell, Andreu. 1985. The Theory of General Economic Equilibrium: A Differentiable Approach. Cambridge: Cambridge Univ. Press.
24. Mirrlees, James A. 1971. "An Exploration in the Theory of Optimal Income Taxation." Rev. Econ. Studies 38 (April): 175-208.
25. Mussa, Michael, and Sherwin Rosen. 1978. "Monopoly and Product Quality." J. Econ. Theory 18 (August): 301-17.
26. Nesheim, Lars. 2001. "Equilibrium Sorting of Heterogeneous Consumers across Locations: Theory and Empirical Implications." Ph.D. dissertation, Univ. Chicago.
27. Newey, Whitney K., and James L. Powell. 2003. "Instrumental Variable Estimation of Nonpammetric Models." Econometrica 71 (September): 1565-78.
28. Powell, James L., James H. Stock, and Thomas M. Stoker. 1989. "Semiparametric Estimation of Index Coefficients." Econometrica 57 (November): 1403-30.
29. Rosen, Sherwin. 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition." J.P.E. 82 (January/February): 34-55.
30. Royden, H. L. 1968. Real Analysis. New York: Macmillan.
31. Stroock, Daniel W. 1993. Probability Theory: An Analytic View. New York: Cambridge Univ. Press.
32. Tauchen, Helen, and Anne Dryden Witte. 2001. "Estimating Hedonic Models: Implications of the Theory." Technical Working Paper no. 0271 (July). Cambridge, Mass.: NBER.
33. Tinbergen, Jan. 1956. "On the Theory of Income Distribution." Weltwirtschaftliches Archiv 77 (2): 155-73.
34. Wilson, Robert B. 1993. Nonlinear Pricing. Oxford: Oxford Univ. Press.
35. Zachmanoglou, E. C., and Dale W. Thoe. 1986. Introduction to Partial Differential Equations with Applications. New York: Dover.