HEDONIC PRICES AND IMPLICIT MARKETS - PRODUCT DIFFERENTIATION IN PURE COMPETITION
HEDONIC PRICES AND IMPLICIT MARKETS - PRODUCT DIFFERENTIATION IN PURE COMPETITION
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DOI：
10.1086/260169
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发表时间：
1974-01-01
影响因子：
8.2
通讯作者：
ROSEN, S
中科院分区：
文献类型：
--
作者：
ROSEN, S
一类差异化产品完全由客观测量的特征向量描述。观察到的产品价格和与每种商品相关的特定数量的特征定义了一组隐含或”享乐”价格。享乐价格理论被表述为空间均衡经济学中的一个问题，在这个问题中，整个隐含价格集在特征空间中指导消费者和生产者的区位决策。分析了买方和卖方的选择以及市场均衡的含义和性质。特征价格回归和指数建设的实证影响指出。
A class of differentiated products is completely described by a vector of objectively measured characteristics. Observed product prices and the specific amounts of characteristics associated with each good define a set of implicit or" hedonic" prices. A theory of hedonic prices is formulated as a problem in the economics of spatial equilibrium in which the entire set of implicit prices guides both consumer and producer locational decisions in characteristics space. Buyer and seller choices, as well as the meaning and nature of market equilibrium, are analyzed. Empirical implications for hedonic price regressions and index number construction are pointed out.