享乐模型与市场细分

Swiss Finance Institute Research Paper Series Pub Date : 2021-09-01 DOI:10.2139/ssrn.3916232

Steven C. Bourassa, M. Dröes, Martin Hoesli

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引用次数: 0

摘要

本文探讨了存在市场细分的异质商品定价问题。我们以住房为例。我们扩展了Rosen(1974)的理论享乐模型，并表明，在存在市场细分的情况下，享乐价格线不再是连续的或唯一的。使用迈阿密和路易斯维尔大都会地区的美国住房调查数据和有限混合估计方法，我们发现基于种族，种族和收入的不同细分市场。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Hedonic Models and Market Segmentation

This paper explores the pricing of heterogeneous goods in the presence of market segmentation. We use housing as an example. We extend the theoretical hedonic model of Rosen (1974) and show that, in the presence of market segmentation, the hedonic price line is no longer continuous or unique. Using American Housing Survey data for the Miami and Louisville metropolitan areas and a finite mixture estimation approach, we find distinct market segments based on ethnicity, race, and income.

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Swiss Finance Institute Research Paper Series

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