Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/192150 
Year of Publication: 
1996
Series/Report no.: 
Discussion Papers No. 166
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
This paper develops a new framework for empirical modelling of consumer demand with particular reference to products that are differentiated with respect to quality and location attributes. The point of departure is a flexible representation of the distribution of product attributes and consumer tastes. From this representation and additional behavioral assumptions we derive a structural model for the distribution of the chosen product attributes and the associated quantities. Furthermore, an explicit relationship between the distribution of prices and unit values is obtained.
Subjects: 
Price distribution
differentiated products
quality attributes
hedonic price indexes.
JEL: 
C25
C43
D11
Document Type: 
Working Paper
Document Version: 
Digitized Version

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