Hedonic price functions
Hedonic price functions
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特征价格函数
DOI：
10.1920/wp.cem.2006.1806
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发表时间：
2006
影响因子：
2.2
通讯作者：
L. Nesheim
中科院分区：
文献类型：
--
作者：
L. Nesheim
特征价格函数描述了产品特性与其价格之间的均衡关系。它们被用来预测新产品的价格，调整价格指数的质量变化，并衡量消费者和生产者对差异化产品的估值。它们是竞争性和非竞争性市场的市场结果。功能形式由买方分布及其偏好、卖方分布及其成本以及市场竞争结构决定。
A hedonic price function describes the equilibrium relationship between characteristics of a product and its price. They are used to predict prices of new goods, to adjust for quality change in price indexes, and to measure consumer and producer valuations of differentiated products. They emerge as market outcomes from both competitive and non-competitive markets. The functional form is determined by the distribution of buyers and their preferences, the distribution of sellers and their costs, and the structure of competition in the market.