Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76590
Authors: 
Heckman, James J.
Year of Publication: 
2003
Series/Report no.: 
CESifo Working Paper 1014
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).
Subjects: 
hedonic models
non-parametric methods
simulation
Monte Carlo
additive models
nonadditive models
Document Type: 
Working Paper

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