Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/99049 
Year of Publication: 
2014
Series/Report no.: 
IZA Discussion Papers No. 8178
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
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 computational techniques of hedonic prices. Second, elaborating on entropic methods developed in Galichon and Salanié (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.
Subjects: 
hedonic models
entropic methods
identification
JEL: 
D12
J3
L11
Document Type: 
Working Paper

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