Arbeitspapier
Consumer Demand with Unobservable Product Attributes - Part I: Theory
This paper develops a new framework for empirical modelling of consumer demand with particular reference to products that are differentiated with respect to quality and location attributes. The point of departure is a flexible representation of the distribution of product attributes and consumer tastes. From this representation and additional behavioral assumptions we derive a structural model for the distribution of the chosen product attributes and the associated quantities. Furthermore, an explicit relationship between the distribution of prices and unit values is obtained.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Papers ; No. 166
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
Index Numbers and Aggregation; Leading indicators
Consumer Economics: Theory
- Thema
-
Price distribution
differentiated products
quality attributes
hedonic price indexes.
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dagsvik, John K.
- Ereignis
-
Veröffentlichung
- (wer)
-
Statistics Norway, Research Department
- (wo)
-
Oslo
- (wann)
-
1996
- Handle
- Letzte Aktualisierung
-
03.07.0003, 12:58 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Dagsvik, John K.
- Statistics Norway, Research Department
Entstanden
- 1996