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Une remise en cause de la méthode des prix hédoniques en présence d'une segmentation de marché

Author

Listed:
  • Marc Baudry
  • Masha Maslianskaïa-Pautrel
Abstract
This article deals with the incidence of consumers? heterogeneity on the formation of hedonic price functions with a focus on the emergence of market segmentation. Two major points are outlined: (i) in the presence of group-wise heterogeneity, consumers are endogenously gathered on intervals of values of the argument of the hedonic price function, defined as an index of housing services; (ii) the resulting segmentation invalidates the standard two stages estimation method more specifically used to assess the value of local environmental goods. Classification JEL : R31, Q51.

Suggested Citation

  • Marc Baudry & Masha Maslianskaïa-Pautrel, 2011. "Une remise en cause de la méthode des prix hédoniques en présence d'une segmentation de marché," Revue économique, Presses de Sciences-Po, vol. 62(3), pages 567-578.
    • Handle: RePEc:cai:recosp:reco_623_0567
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    Citations

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    Cited by:

    1. Céline Grislain-Letrémy & Arthur Katossky, 2013. "Les risques industriels et le prix des logements," Économie et Statistique, Programme National Persée, vol. 460(1), pages 79-106.
    2. Masha Maslianskaia-Pautrel, 2012. "Hedonic model of segmentation with horizontal differentiated housing," TEPP Working Paper 2012-03, TEPP.
    3. Olivier JOALLAND & Tina RAMBONILAZA, 2017. "Valeur touristique des aménités environnementales et nuisances associées aux infrastructures d’énergie renouvelable : une approche hédonique spatiale," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 46, pages 93-115.

    More about this item

    JEL classification:

    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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