Nonparametric Identification and Estimation of Nonadditive Hedonic Models

被引:60
作者
Heckman, James J. [1 ,2 ]
Matzkin, Rosa L. [3 ]
Nesheim, Lars [4 ]
机构
[1] Univ Chicago, Dept Econ, Chicago, IL 60637 USA
[2] Yale Univ, Univ Coll Dublin, Amer Bar Fdn & Cowles Fdn, New Haven, CT 06520 USA
[3] Univ Calif Los Angeles, Dept Econ, Los Angeles, CA 90095 USA
[4] UCL, Dept Econ, London WC1E 6BT, England
基金
英国经济与社会研究理事会; 美国国家科学基金会;
关键词
Hedonic models; hedonic equilibrium; nonadditive models; identification; nonparametric estimation; DEMAND; PRICES; DIFFERENTIALS; BENEFITS;
D O I
10.3982/ECTA6388
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper studies the identification and estimation of preferences and technologies in equilibrium hedonic models. In it, we identify nonparametric structural relationships with nonadditive heterogeneity. We determine what features of hedonic models can be identified from equilibrium observations in a single market under weak assumptions about the available information. We then consider use of additional information about structural functions and heterogeneity distributions. Separability conditions facilitate identification of consumer marginal utility and firm marginal product functions. We also consider how identification is facilitated using multimarket data.
引用
收藏
页码:1569 / 1591
页数:23
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