| Titre | Prix hédoniques et estimation d'un modèle structurel d'offre et de demande de caractéristiques [Une application au marché de la location de logements en France ] | |
|---|---|---|
| Auteur | Eric Skhiri, Olivier Marchand | |
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Revue | Economie et prévision |
| Numéro | no 121, 1995/5 Comportements des ménages | |
| Rubrique / Thématique | Théorie de la demande : applications |
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| Page | 127-140 | |
| Résumé anglais |
Hedonic Prices and a Structural Model Estimate of the Supply and Demand of Characteristics: Application to the French Rental Housing Market,
by Olivier Marchand and Eric Skhiri .
This hedonic price analysis is one of the first to be made of the French rental housing market. The data are taken from cross-sectional surveys in eight French towns (excluding the Paris area). A Box-Cox transformation is used to obtain the best functional form. The hedonic regression is found to be fairly satisfactory with 66% of variance explained by the model. Furthermore, a structural model of the supply and demand of characteristics is validated. The problem of simultaneity is solved by using the town dummy as an instrumental variable. We therefore make the first attempt to estimate the factors of the supply and demand of characteristics in France. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1995_num_121_5_5766 |
