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- handle: 10670/1.lb4l7p
- hal: hal-03393019
- doi: 10.1007/s11579-014-0125-1
- SCIENCESPO: 2441/5qh5s98no08b0p4s2sgkev0893
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Hedonic Equilibrium Generalized Entropy Single Market Identification C - Mathematical and Quantitative Methods/C.C3 - Multiple or Simultaneous Equation Models • Multiple Variables/C.C3.C31 - Cross-Sectional Models • Spatial Models • Treatment Effect Models • Quantile Regressions • Social Interaction Models C - Mathematical and Quantitative Methods/C.C6 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling/C.C6.C62 - Existence and Stability Conditions of EquilibriumSujets proches
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Arnaud Dupuy et al., « Entropy Methods for Identifying Hedonic Models », Archive ouverte de Sciences Po (SPIRE), ID : 10.1007/s11579-014-0125-1
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This paper contributes to the literature on hedonic models in two ways. First, it makes use of Queyranne’s reformulation of a hedonic model in the discrete case as a network flow problem in order to provide a proof of existence and integrality of a hedonic equilibrium and efficient computation of hedonic prices. Second, elaborating on entropic methods developed in Galichon and Salanié (Cupid’s invisible hand: social surplus and identification in matching models. Working Paper, 2014), this paper proposes a new identification strategy for hedonic models in a single market. This methodology allows one to introduce heterogeneities in both consumers’ and producers’ attributes and to recover producers’ profits and consumers’ utilities based on the observation of production and consumption patterns and the set of hedonic prices.