Difference-in-Differences Hedonics
Dados Bibliográficos
| ID | 10183751 |
|---|---|
| Autores | H Spencer Banzhaf (Georgia State University, autor correspondente) |
| Ano | 2021 |
| Volume | 129 |
| Fascículo | 8 |
| Páginas | 2385-2414 |
| Data de publicação | 2021-03-24 |
| Peer Reviewed | Sim |
| Open Access | Não |
| Tipo | ARTICLE |
| Periódico | Journal of Political Economy (JOURNAL) |
| Identificadores do periódico | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Editora | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/714442 |
| OpenAlex | W3136940197 |
| Idioma | EN |
| Citações recebidas | 11 |
| Referências citadas | 42 |
Cross-sectional estimates of hedonic price functions theoretically recover marginal values for characteristics but face endogeneity problems. Consequently, economists have introduced difference-in-differences and other quasi-experimental econometric methods into hedonic models. Unfortunately, the welfare interpretation of these estimands has not been clear. This paper shows that quasi-experimental hedonics can identify the movement along the ex post price function. It further shows that this effect is a lower bound on general equilibrium welfare. Thus, nonmarginal welfare can be recovered using transparent designs without Rosen’s second stage or more structural models. The paper illustrates these results with an application to toxic facilities and housing prices
Econometrics · Economics · Endogeneity · Function (biology · Interpretation (philosophy · Microeconomics · Welfare · Computer Science · Economic and Environmental Valuation · Fiscal Policy and Economic Growth · Housing Market and Economics
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| Obras citantes distintas | 11 |
|---|---|
| Citações por ano | 3,67 |
| Intervalo de citações | 2023 - 2026 (4) |
| Velocidade de citação | current |
| Altamente citado | Não |
| Tipos de citação | Neutras: 11 |