TY  - RPRT
        AU  - Rohlfs, Chris
AU  - Sullivan, Ryan
AU  - Kniesner, Thomas J.
        TI  - Hedonic Estimation under Very General Conditions Using Experimental and Quasi-Experimental Designs
        PY  - 2013/Aug/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 7554
        UR  - https://www.iza.org/publications/dp7554
        AB  - This paper develops a generalized hedonic model in which an exogenous shock to a single product attribute can affect other attributes, the markets for the product's complements and substitutes, and aggregate quantity produced. These factors are shown to be empirically relevant and to cause bias in traditional approaches. Experimental and quasi-experimental estimators of attribute demand are introduced that address these biases, are transparent, and are straightforward to implement. One of these estimators is applied to measure the marginal military recruit's valuation of educational benefits, which is found to range across packages from -$0.024 to +$0.467 per dollar of benefits.
        KW  - generalized
KW  - heterogeneous goods
KW  - amenity
KW  - attribute demand
KW  - marginal willingness to pay
KW  - quasi-experiment
KW  - experiment
KW  - identification
KW  - discrete choice
KW  - hedonic
KW  - endogenous attributes
KW  - complement
KW  - substitute
        ER  -