@techreport{Heckman2003Simulation,
abstract = {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).},
author = {James Joseph Heckman and Rosa Liliana Matzkin and Lars Nesheim},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {C31; 330; hedonic models; nonparametric methods; simulation; Monte Carlo; additive models; nonadditive models; Querschnittsanalyse; \"{O}konometrisches Modell; Hedonischer Preis; Nichtparametrisches Verfahren; Simulation; Sch\"{a}tztheorie; Theorie},
language = {eng},
number = {843},
title = {Simulation and Estimation of Hedonic Models},
type = {IZA Discussion paper series},
url = {http://hdl.handle.net/10419/20086},
year = {2003}
}
