Hedonic prices and implicit markets: product differentiation in pure competition
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A standard strategy for evaluating the marginal willingness to pay for a local amenity is to estimate the response of housing values to exogenous shocks in the amenity.
“A standard strategy for evaluating the marginal willingness to pay for a local amenity is to estimate the response of housing values to exogenous shocks in the amenity (Rosen, 1974 and Ekeland et al. 2004).”
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- Authors
- Rosen, S.
- Corresponding author
- Rosen, Sherwin
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 1974-01
- Volume
- 82
- Issue
- 1
- Pages
- 34-55
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W2051688880
- Cited by
- 10,603
- References
- 0
- Citations by year
- 2026: 492 · 2025: 421 · 2024: 369 · 2023: 351 · 2022: 473 · 2021: 465 · 2020: 420 · 2019: 439 · 2018: 420 · 2017: 433 · 2016: 418 · 2015: 386 · 2014: 403 · 2013: 440 · 2012: 355
- FWCI
- 79.20
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Political Economy (publishedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Marketing › Consumer Market Behavior and Pricing
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Merger and Competition Analysis
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic theories and models
- Keywords
- hedonic pricing, product differentiation, perfect competition, price discrimination
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Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
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