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Linear Hedonic Price Functions And The Consistent Estimation Of The Demand For Characteristics
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Book Synopsis Linear Hedonic Price Functions and the Consistent Estimation of the Demand for Characteristics by : Grant Allan Taylor
Download or read book Linear Hedonic Price Functions and the Consistent Estimation of the Demand for Characteristics written by Grant Allan Taylor and published by . This book was released on 1992 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Mythical Demands and Mythical Supplies for Proper Estimation of Rosen's Hedonic Price Model by : Michael P. Murray
Download or read book Mythical Demands and Mythical Supplies for Proper Estimation of Rosen's Hedonic Price Model written by Michael P. Murray and published by . This book was released on 1982 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Demand Estimation with Heterogeneous Consumers and Unobserved Product Characteristics by : C. Lanier Benkard
Download or read book Demand Estimation with Heterogeneous Consumers and Unobserved Product Characteristics written by C. Lanier Benkard and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the identification and estimation of Gorman-Lancaster style hedonic models of demand for differentiated products for the case when one product characteristic is not observed. Our identification and estimation strategy is a two-step approach in the spirit of Rosen (1974). Relative to Rosen's approach, we generalize the first stage estimation to allow for a single dimensional unobserved product characteristic, and also allow the hedonic pricing function to have a general, non-additive structure. In the second stage, if the product space is continuous and the functional form of utility is known then there exists an inversion between the consumer's choices and her preference parameters. This inversion can be used to recover the distribution of random coefficients nonparametrically. For the more common case when the set of products is finite, we use the revealed preference conditions from the hedonic model to develop a Gibbs sampling estimator for the distribution of random coefficients. We apply our methods to estimating personal computer demand.
Author :United States. Environmental Protection Agency. Office of Health and Ecological Effects Publisher : ISBN 13 : Total Pages :242 pages Book Rating :4.:/5 (2 download)
Book Synopsis Brookshire, D.S. ... et al. Experiments in valuing non-market goods: A case study of alternative benefit measures of air pollution control in the south coast air basin of Southern California by : United States. Environmental Protection Agency. Office of Health and Ecological Effects
Download or read book Brookshire, D.S. ... et al. Experiments in valuing non-market goods: A case study of alternative benefit measures of air pollution control in the south coast air basin of Southern California written by United States. Environmental Protection Agency. Office of Health and Ecological Effects and published by . This book was released on 1979 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Research Paper PNW. written by and published by . This book was released on 1978 with total page 710 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book EPA-600/5 written by and published by . This book was released on 1979-02 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Hedonic Price Function for Australian Premium Table Wine by : Edward Oczkowski
Download or read book A Hedonic Price Function for Australian Premium Table Wine written by Edward Oczkowski and published by . This book was released on 1992 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Environmental and Resource Valuation with Revealed Preferences by : Nancy E. Bockstael
Download or read book Environmental and Resource Valuation with Revealed Preferences written by Nancy E. Bockstael and published by Springer Science & Business Media. This book was released on 2007-03-31 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a systematic review of those economic approaches for valuing the environment and natural resources that use information on what people do, not what they say. The authors have worked on models of revealed preferences for valuing environmental and natural resources for several decades. The book provides a candid review of the major conceptual challenges and an exploration of neglected issues in the literature.
Book Synopsis Revealed Preference Approaches to Environmental Valuation Volumes I and II by : Catherine L. Kling
Download or read book Revealed Preference Approaches to Environmental Valuation Volumes I and II written by Catherine L. Kling and published by Routledge. This book was released on 2019-01-22 with total page 610 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this two volume collection the editors have chosen a sample of some of the most essential and inspirational articles and papers for understanding revealed preference methods to value environmental amenities. The papers cover the gamut of methods that are typically classified as revealed preference approaches - including: recreation demand models, hedonic methods, and averting behavior methods, as well as efforts to combine stated and revealed preferences. While this collection is far from exhaustive, the editors have included papers they believe will represent the state of the art in the theory and application of revealed preference methods, contribute to development of the state of the art, or raise fundamental challenges and insights that will drive the research agenda in the coming years.
Book Synopsis Estimating Economic Values for Nature by : Vincent Kerry Smith
Download or read book Estimating Economic Values for Nature written by Vincent Kerry Smith and published by Edward Elgar Publishing. This book was released on 1996-06 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estimating Economic Values for Nature presents, in one volume, a collection of V. Kerry Smith's papers prepared over 25 years dealing with the theory and practice of non-market valuation for environmental resources. Taken together, the papers explore the conceptual basis, the implementation process and empirical performance of all available methods of measuring economic values for the services of nature and how these values are constructed from people's choices. The issues discussed in this volume include travel cost recreation demand, averting behaviour, household production, hedonic property value, hedonic wage and contingent valuation methods. These essays describe what has been learned from past benefit analysis, using meta-analysis, as well as the issues at the frontier of current research in the area. This important volume will be welcomed by environmental and public economists, as well as practitioners of cost-benefit analysis, as an authoritative and comprehensive discussion of non-market valuation.
Author :United States. Environmental Protection Agency. Office of Health and Ecological Effects Publisher : ISBN 13 : Total Pages :236 pages Book Rating :4.3/5 ( download)
Book Synopsis Methods development for assessing air pollution control benefits by : United States. Environmental Protection Agency. Office of Health and Ecological Effects
Download or read book Methods development for assessing air pollution control benefits written by United States. Environmental Protection Agency. Office of Health and Ecological Effects and published by . This book was released on 1979 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Primer on Nonmarket Valuation by : Patricia A. Champ
Download or read book A Primer on Nonmarket Valuation written by Patricia A. Champ and published by Springer Science & Business Media. This book was released on 2003-10-31 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Primer on Nonmarket Valuation is unique in its clear descriptions of the most commonly used nonmarket valuation techniques and their implementation. Individuals working for government agencies, attorneys involved with natural resource damage assessments, graduate students, and others will appreciate the non-technical and practical tone of this book. The first section of the book provides the context and theoretical foundation of nonmarket valuation, along with practical data issues. The middle two sections of the Primer describe the major stated and revealed nonmarket valuation techniques. For each technique, the steps involved in implementation are laid out and described. Both practitioners of nonmarket valuation and those who are new to the field will come away from these methods chapters with a thorough understanding of how to design, implement, and analyze a nonmarket valuation study. The concluding section takes stock of the usefulness of nonmarket valuation, highlighting chapters on benefit transfer, the role of nonmarket valuation in real decisions about natural resources, and where nonmarket valuation is headed in the future. As a companion to A Primer on Nonmarket Valuation, a website has been developed, http://www.fs.fed.us/nonmarketprimerdata/. This website includes downloadable datasets for each of the techniques described in the Primer, as well as links to published journal articles and reports based on the data. The website also provides an opportunity for students to estimate models using the data.
Book Synopsis Consistency of Hedonic Price Indexes with Unobserved Characteristics by : Iqbal A. Syed
Download or read book Consistency of Hedonic Price Indexes with Unobserved Characteristics written by Iqbal A. Syed and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hedonic regressions are prone to omitted variable bias. The estimation of price relatives for new and disappearing goods using hedonic imputation methods involves taking ratios of hedonic models. This may lead to a situation where the omitted variable bias in each of the hedonic regressions offset each other. This study finds that the single imputation hedonic method estimates inconsistent price relatives, while the double imputation method may produce consistent price relatives depending on the behavior of unobserved characteristics in the comparison periods. The study outlines a methodology to test whether double imputation price relatives are consistent. The results of this study have implications with regard to the construction of quality adjusted indexes.
Author :United States. Environmental Protection Agency. Office of Health and Ecological Effects Publisher : ISBN 13 : Total Pages :236 pages Book Rating :4.:/5 (3 download)
Book Synopsis Methods Development for Assessing Air Pollution Control Benefits: Brookshire, D.S. ... et al. Experiments in valuing non-market goods: A case study of alternative benefit measures of air pollution control in the south coast air basin of Southern California by : United States. Environmental Protection Agency. Office of Health and Ecological Effects
Download or read book Methods Development for Assessing Air Pollution Control Benefits: Brookshire, D.S. ... et al. Experiments in valuing non-market goods: A case study of alternative benefit measures of air pollution control in the south coast air basin of Southern California written by United States. Environmental Protection Agency. Office of Health and Ecological Effects and published by . This book was released on 1979 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis On the Estimation of Structural Hedonic Price Models by : James N. Brown
Download or read book On the Estimation of Structural Hedonic Price Models written by James N. Brown and published by . This book was released on 1981 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: MANY COMMODITIES can be viewed as bundles of individual attributes for which no explicit markets exist. It is often of interest to estimate structural demand and supply functions for these attributes, but the absence of directly observable attribute prices poses a problem for such estimation. In an influential paper published several years ago, Rosen [3] proposed an estimation procedure to surmount this problem. This procedure has since been used in a number of applications (see, for example, Harrison and Rubinfeld [2] or Witte, et al. [4]). The purpose of this note is to point out certain pitfalls in Rosen's procedure, which, if ignored, could lead to major identification problems. In Section 2 we summarize briefly the key aspects of Rosen's method as it has been applied in the literature. Section 3 discusses the potential problems inherent in this procedure and provides an example. Section 4 concludes with a few suggestions for future research.
Download or read book Journal of Econometrics written by and published by . This book was released on 1993 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Journal of Econometrics is designed to serve as an outlet for important new research in both theoretical and applied econometrics. The scope of the Journal includes papers dealing with estimation and other methodological aspects of the application of statistical inference to economic data, as well as papers dealing with the application of econometric techniques to substantive areas of economics. Econometric research in the traditional divisions of the discipline or in the newly developing areas of social experimentation are decidedly within the range of the Journal's interests.
Book Synopsis The Identification Problem in Implicit Market Analysis by : George Russell Parsons
Download or read book The Identification Problem in Implicit Market Analysis written by George Russell Parsons and published by . This book was released on 1984 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: