Simulation And Estimation Of Hedonic Models
Download Simulation And Estimation Of Hedonic Models full books in PDF, epub, and Kindle. Read online free Simulation And Estimation Of Hedonic Models ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Simulation and Estimation of Hedonic Models
Author | : James J. Heckman |
Publisher | : |
Total Pages | : 58 |
Release | : 2003 |
Genre | : Econometric models |
ISBN | : |
Simulation and Estimation of Nonadditive Hedonic Models
Author | : James Joseph Heckman |
Publisher | : |
Total Pages | : 58 |
Release | : 2003 |
Genre | : Econometrics |
ISBN | : |
Simulation and estimation of nonaddative hedonic models
Author | : James J. Heckman |
Publisher | : |
Total Pages | : 58 |
Release | : 2003 |
Genre | : |
ISBN | : |
Making use of restrictions imposed by equilibrium, theoretical progress has been made on the nonparametric and semiparametric estimation and identification of scalar additive hedonic models (Ekeland, Heckman, and Nesheim, 2002) and scalar nonadditive hedonic models (Heckman, Matzkin, and Nesheim, 2002). However, little is known about the practical aspects of estimating such models or of the characteristics of equilibrium in such models. This paper presents computational and analytical results that fill some of these gaps. We simulate and estimate examples of equilibrium in the additive hedonic models and provide evidence on the performance of several estimation techniques. We also simulate examples of equilibria in nonadditive models and provide evidence on the performance of the nonadditive estimation techniques developed in Heckman, Matzkin, and Nesheim (2002)
Frontiers in Applied General Equilibrium Modeling
Author | : Timothy J. Kehoe |
Publisher | : Cambridge University Press |
Total Pages | : 452 |
Release | : 2005-01-17 |
Genre | : Business & Economics |
ISBN | : 1139443720 |
This 2005 volume brings together twelve papers by many of the most prominent applied general equilibrium modelers honoring Herbert Scarf, the father of equilibrium computation in economics. It deals with developments in applied general equilibrium, a field which has broadened greatly since the 1980s. The contributors discuss some traditional as well as some modern topics in the field, including non-convexities in economy-wide models, tax policy, developmental modeling and energy modeling. The book also covers a range of distinct approaches, conceptual issues and computational algorithms, such as calibration and areas of application such as macroeconomics of real business cycles and finance. An introductory chapter written by the editors maps out issues and scenarios for the future evolution of applied general equilibrium.
Identification and Estimation of Hedonic Models
Author | : Ivar Ekeland |
Publisher | : |
Total Pages | : 0 |
Release | : 2009 |
Genre | : |
ISBN | : |
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.
Hedonic Methods in Housing Markets
Author | : Andrea Baranzini |
Publisher | : Springer Science & Business Media |
Total Pages | : 283 |
Release | : 2008-09-20 |
Genre | : Business & Economics |
ISBN | : 0387768157 |
Cities are growing worldwide and their sprawl is increasingly challenged for its pressure on open spaces and environmental quality. Economic arguments can help to decide about the trade-off between preserving environmental quality and developing housing and business surfaces, provided the benefits of environmental quality are adequately quantified. To this end, this book focuses on the use and advancement of the “hedonic approach”, an economic valuation technique that analyses and quantifies the sources of rent and property price differentials. Starting from theoretical foundations, the hedonic approach is applied to the valuation of natural land use preservation and noise abatement measures, as well as to residential segregation and discrimination, extending the analysis to the role of the buyers and sellers' identity on housing market prices and to the issue of environmental justice.