published in: T. Kehoe, T.N. Srinivasan, and J. Whalley (eds.)- Frontiers in Applied General Equilibrium, Cambridge, 2005, 277 - 340
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).
We use cookies to provide you with an optimal website experience. This includes cookies that are necessary for the operation of the site as well as cookies that are only used for anonymous statistical purposes, for comfort settings or to display personalized content. You can decide for yourself which categories you want to allow. Please note that based on your settings, you may not be able to use all of the site's functions.
Cookie settings
These necessary cookies are required to activate the core functionality of the website. An opt-out from these technologies is not available.
In order to further improve our offer and our website, we collect anonymous data for statistics and analyses. With the help of these cookies we can, for example, determine the number of visitors and the effect of certain pages on our website and optimize our content.