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Saturday, August 8, 2020 | History

2 edition of Environmental change and hedonic cost functions for automobiles found in the catalog.

Environmental change and hedonic cost functions for automobiles

Steven Berry

Environmental change and hedonic cost functions for automobiles

by Steven Berry

  • 6 Want to read
  • 33 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Automobile industry and trade -- Environmental aspects.,
  • Environmental law -- Compliance costs.

  • Edition Notes

    StatementSteven Berry, Samuel Kortum, Ariel Pakes.
    SeriesNBER working paper series -- working paper 5746, Working paper series (National Bureau of Economic Research) -- working paper no. 5746.
    ContributionsKortum, Samuel., Pakes, Ariel., National Bureau of Economic Research.
    The Physical Object
    Pagination14, [2] p. :
    Number of Pages14
    ID Numbers
    Open LibraryOL22411909M

      A hedonic pricing model is often used to estimate quantitative values for environmental or ecosystem services that directly affect market prices for homes. This method of valuation can require a strong degree of statistical expertise and model specification, following a period of data : Marshall Hargrave. Environmental Change and Hedonic Cost Functions for Automobiles by Steven Berry & Samuel Kortum & Ariel Pakes Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market.

    Their main example includes hedonic pricing (HPM) and travel cost method (TCM). Ex-ante assessment measure the trade-offs resulting from a change to an existing management of a resource (Campbell et. al., ). An example of ex-ante assessment technique is the cost benefit analysis (CBA). Revealed preference methods. As p. indicates the hedonic price function is not a demand function. It simply indicates how housing prices change when characteristics change. You should be able to explain how investigators went about estimating a demand curve or the willingness to pay for air quality in Boston.

    Within hedonic pricing models, the price of the real estate P is expressed as a function of the structural variables S (e.g. size of the house, age, number of rooms) and location variables N (e.g. schools, hospitals in the neighbourhood) and variables which describe the environmental quality Z . Environmental change and hedonic cost functions for automobiles. Voluntary Export Restraints on Automobiles: Evaluating a Strategic TradePolicy Price Indexes and the Analysis of.


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Environmental change and hedonic cost functions for automobiles by Steven Berry Download PDF EPUB FB2

Environmental change and hedonic cost functions for automobiles. The sources for most of the characteristics data were annual issues of the Automotive News Market Data Book (Crain Auto ought to enable us to obtain a deeper understanding of the automobile industry and its likely responses to various changes in its by: Environmental Change and Hedonic Cost Functions for Automobiles Steven Berry, Samuel Kortum, Ariel Pakes.

NBER Working Paper No. Issued in September NBER Program(s):Industrial Organization, Productivity, Innovation, and EntrepreneurshipCited by: ABSTRACT This paper focuses on how changes in the economic and regulatory environment have affected production costs and product characteristics in the automobile industry.

We estimate “hedonic cost functions” that relate product-level costs to their characteristics. Environmental change and hedonic cost functions for automobiles. Berry S(1), Kortum S, Pakes A. Author information: (1)Department of Economics, Yale University, New Haven, CTUSA. This paper focuses on how changes in the economic and regulatory environment have affected production costs and product characteristics in the automobile by: BibTeX @INPROCEEDINGS{Berry96environmentalchange, author = {Steven Berry and Samuel Kortum and A.

Riel Pakes}, title = {Environmental Change and Hedonic Cost Functions for Automobiles}, booktitle = {Proceedings of the National Academy of Science}, year = {}, pages = {}}. This paper focuses on how changes in the economic and regulatory environment have affected production costs and product characteristics in the automobile industry.

We estimate "hedonic cost functions" that relate product-level costs to their characteristics. Environmental change and hedonic cost functions for automobiles By Steven Berry, Samuel Kortum, Ariel Pakes, Steven Berry, Samuel Kortum and A.

Riel Pakes Abstract. We estimate cost functions characteristics. Then we examine how this cost surface has changed over time and how these changes relate to changes in gas prices and in emission standard regulations. We also briefly consider the related questions of how changes in automobile characteristics, and in the rate of patenting, are related to regulations Cited by: Environmental Change and Hedonic Cost Functions for Automobiles.

By Steven Berry, This paper focuses on how changes in the economic and regulatory environment have affected production costs and product characteristics in the automobile industry. We estimate cost functions : Steven Berry, Samuel Kortum and Ariel Pakes. This paper focuses on how changes in the economic and regulatory environment have affected production costs and product characteristics in the automobile industry.

We estimate "hedonic cost functions" that relate product-level costs to their characteristics. Downloadable. This paper focuses on how changes in the economic and regulatory environment have affected production costs and product characteristics in the automobile industry.

We estimate cost functions characteristics. Then we examine how this cost surface has changed over time and how these changes relate to changes in gas prices and in emission standard regulations.

BibTeX @INPROCEEDINGS{Berry96environmentalchange, author = {Steven Berry and Samuel Kortum and Ariel Pakes and Steven Berry and Samuel Kortum and A. Riel Pakes}, title = {Environmental change and hedonic cost functions for automobiles}, booktitle = {Proceedings of the National Academy of Sciences Vol}, year = {}, pages = {}}.

HEDONIC PRICES FOR CARS: AN APPLICATION TO THE SPANISH CAR MARKET, Anna Matas, Josep-LLuis Raymond Universitat Autònoma de Barcelona, 1. INTRODUCTION Quality improvements over time for some durable goods pose the long-discussed question of how to construct price indexes taking quality changes into account.

Voluntary Export Restraints on Automobiles: Evaluating a Strategic Trade Policy Working Papers, Research Seminar in International Economics, University of Michigan View citations (1) Also in NBER Working Papers, National Bureau of Economic Research, Inc () View citations (16) Environmental Change and Hedonic Cost Functions for Automobiles.

The hedonic method for non-market valuation relies on market transactions for these differentiated goods to determine the value of key underlying characteristics. For instance, by observing the price differential between two product varieties that vary only by one characteristic (e.g., two identical cars, Cited by: Hedonic models have the advantage of using detailed data from.

thousands of observations of automobile prices and attributes. Although the hedonic price model was developed for automobiles. early in (12), the attribute of fuel economy was not included in.

hedonic regressions until the s (5, 13, 14). Get this from a library. Environmental change and hedonic cost functions for automobiles. [Steven Berry; Samuel Kortum; Ariel Pakes; National Bureau of Economic Research.] -- Abstract: This paper focuses on how changes in the economic and regulatory environment have affected production costs and product characteristics in the automobile industry.

ENVIRONMENTAL CHANGE AND HEDONIC COST FUNCTIONS FOR AUTOMOBILES ABSTR4CT This paper focuses on how changes in the economic and regulatory environment have affected production costs and product characteristics in the automobile industry.

We estimate “hedonic cost finctions” that relate product-level costs to their characteristics. Then we examine. Get this from a library. Environmental change and hedonic cost functions for automobiles.

[Steven Berry; Samuel Kortum; Ariel Pakes; National Bureau of Economic Research.]. significant change in actual prices of comparable cars. I vs. I MODELS of a LEADING MAKE OF PASSENGER CAR Prices List Price Per Cent Body Type.

t Change Coupe $ $ - 9% Twodoorsedan Fourdoorsedan B.L:S. Index t ( = ) (recently discontinued) +45File Size: 2MB. The HPM estimate of the social cost from the CC loss is Ap x Q~Q, whereas the actual cost is ABPR. Thus, HPM overstates the loss of value.

Conversely, HPM would V,j o. -r O O, O Ouontity Figure 1. Hedonic housing demand model of the value of an environmental by: Steven Berry & Samuel Kortum & Ariel Pakes, "Environmental Change and Hedonic Cost Functions for Automobiles," NBER Working PapersNational Bureau of Economic Research, Inc.

Steven Berry & Michael Carnall & Pablo T. Spiller,   Extract. This book attempts to explain the hedonic approach in the context of environmental and public policy evaluation from both theoretical and practical viewpoints, and to extend the role of the hedonic approach from marginal cases to large-scale public projects and environmental changes mainly based upon theoretical and empirical : Noboru Hidano.