Arbeitspapier
A Structural Approach to Hedonic Equilibrium Models
This paper presents a quality theory for differentiated products. Analytical solutions for the equilibrium demand for quality and the equilibrium price equation are computed. The model is estimated and the willingness to pay for improvements in the air quality of Houston is computed. The empirical results show that the standard n on-structural approach would seriously underestimate benefits for non-marginal and small changes in air quality.
- Language
-
Englisch
- Bibliographic citation
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Series: Working Paper ; No. 6
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
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Giannias, Dimitrios A.
- Event
-
Veröffentlichung
- (who)
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Levy Economics Institute of Bard College
- (where)
-
Annandale-on-Hudson, NY
- (when)
-
1988
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Giannias, Dimitrios A.
- Levy Economics Institute of Bard College
Time of origin
- 1988
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