Hedonic Pricing Models: A Selective and Applied Review

Модели гедонистического ценообразования: выборочный и прикладной обзор
Stephen Malpezzi
2002-10-18
SCID:  54.1/bpupezkh Discuss with AI
applied reviewhedonic pricinghedonic pricing modelshousing marketsnonlinear hedonic models
Abstract (AI)
This chapter contains section titled: Introduction What is a Hedonic Price Index? Repeat Sales Models The Roots of Hedonic Price Models Conceptual Issues in Hedonic Modelling Specification Issues Hedonic Modelling: the Current Position Examples of Applications Concluding Thoughts Notes
Key Findings
1
Applied studies using hedonic models commonly address housing, environmental goods, and product characteristics valuation.
2
Hedonic pricing models decompose product prices into implicit prices of attributes, enabling valuation of nonmarket goods.
3
Practical guidance is provided for applied researchers on model specification, data requirements, and interpretation of implicit prices.
4
The paper discusses strengths (flexibility, attribute-level valuation) and weaknesses (identification challenges, functional form sensitivity) of hedonic approaches.
5
The review selectively surveys theoretical foundations, empirical implementations, and estimation techniques used in hedonic pricing literature.
Research Object

Hedonic pricing models

Research Subject

Review and application of hedonic pricing models, including their selective evaluation, methodological features, and practical uses for estimating implicit prices of product or property attributes

Publication Details
Publication Date
2002-10-18
Journal
Publisher
ISSN
Access Type
Author Information
Authors
Stephen Malpezzi
Explore further
Open the scid.ai AI chat with a ready-made request: it will find papers on a similar topic and help build a literature review.
Find similar papers in the chat →
Make a presentation
100%