
Identification and Estimation of Hedonic Models
Ekeland, Ivar; Heckman, James J.; Nesheim, Lars (2004), Identification and Estimation of Hedonic Models, The Journal of Political Economy, 112, S1, p. S60-S109. http://dx.doi.org/10.1086/379947
View/ Open
Type
Article accepté pour publication ou publiéDate
2004Journal name
The Journal of Political EconomyVolume
112Number
S1Publisher
University of Chicago Press
Pages
S60-S109
Publication identifier
Metadata
Show full item recordAbstract (EN)
This paper considers the identification and estimation of hedonic models. We establish that in an additive version of the hedonic model, technology and preferences are generically nonparametrically identified from data on demand and supply in a single hedonic market. The empirical literature that claims that hedonic models estimated on data from a single market are fundamentally underidentified is based on arbitrary linearizations that do not use all the information in the model. The exact economic model that justifies linear approximations is unappealing. Nonlinearities are generic features of equilibrium in hedonic models and a fundamental and economically motivated source of identification.Subjects / Keywords
additive hedonic models; semiparametric estimationRelated items
Showing items related by title and author.
-
Ekeland, Ivar; Galichon, Alfred; Henry, Marc (2010) Article accepté pour publication ou publié
-
Carlier, Guillaume; Aloqeili, Marwan; Ekeland, Ivar (2014) Article accepté pour publication ou publié
-
Kübler, Felix; Chiappori, Pierre-André; Ekeland, Ivar; Polemarchakis, Heracles M. (2000) Document de travail / Working paper
-
Kubler, Félix; Ekeland, Ivar; Chiappori, Pierre-André; Polemarchakis, Heracles (1999) Document de travail / Working paper
-
Kubler, Félix; Chiappori, Pierre-André; Ekeland, Ivar; Polemarchakis, Heracles M. (2002) Article accepté pour publication ou publié