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• W2025614746 abstract "This paper analyzes equilibria in hedonic economies and presents conditions for identifying structural preference and technology parameters with nonadditive marginal utility and marginal product functions. The nonadditive class is very general, allows for heterogeneity in the curvature of consumer utility, and can result in bunching. Such bunching has largely been ignored in the previous literature. The paper presents methods to identify and estimate marginal utility and marginal product functions that are nonadditive in the unobservable random terms, using observations from a single hedonic market. The new methods for nonadditive models are useful when statistical tests reject additive speci…cations or when prior information suggests that consumer or …rm heterogeneity in the curvature of utility or production functions is likely to be important. The paper provides conditions under which nonadditive marginal utility and marginal product functions are nonparametrically identi…ed, and proposes nonparametric estimators for them. The estimators are consistent and asymptotically normal. The paper also formalizes and extends existing results in the literatures on identifying structural parameters using multimarket data. JEL Code: C14, D41, D58 Keywords: hedonic models, hedonic equilibrium, nonadditive models, bunching, identi…cation, nonparametric estimation James Heckman Rosa Matzkin Lars Nesheim Department of Economics Department of Economics Department of Economics and University of Chicago Northwestern University CEMMAP 1126 E. 59th Street 2001 Sheridan Road University College London Chicago, IL 60637 Evanston, Illinois 60208 Gower Street Phone: 773-702-0634 O¢ ce #342, Arthur Andersen Hall London, WC1E 6BT Fax: 773-702-8490 Phone: 847-491-8220 Phone: +44-207-679-5826 Email: jjh@uchicago.edu Fax: 847-491-7001 Fax: +44-207-916-2775 Email: matzkin@northwestern.edu Email: l.nesheim@ucl.ac.uk" @default.
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• W2025614746 date "2005-03-01" @default.
• W2025614746 modified "2023-09-23" @default.
• W2025614746 title "Nonparametric estimation of nonadditive hedonic models" @default.
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• W2025614746 doi "https://doi.org/10.1920/wp.cem.2005.0305" @default.
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