Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/89843
Authors: 
Rohlfs, Chris
Sullivan, Ryan
Kniesner, Thomas J.
Year of Publication: 
2013
Series/Report no.: 
IZA Discussion Paper 7554
Abstract: 
This paper develops a generalized hedonic model in which an exogenous shock to a single product attribute can affect other attributes, the markets for the product's complements and substitutes, and aggregate quantity produced. These factors are shown to be empirically relevant and to cause bias in traditional approaches. Experimental and quasi-experimental estimators of attribute demand are introduced that address these biases, are transparent, and are straightforward to implement. One of these estimators is applied to measure the marginal military recruit's valuation of educational benefits, which is found to range across packages from -$0.024 to +$0.467 per dollar of benefits.
Subjects: 
hedonic
discrete choice
identification
experiment
quasi-experiment
marginal willingness to pay
attribute demand
amenity
heterogeneous goods
generalized
endogenous attributes
complement
substitute
JEL: 
D12
C35
C31
D61
C9
Document Type: 
Working Paper

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