Product differentiation and hedonic prices: An empirical analysis

被引：0
|
作者：
Wen, HZ [1 ]
Lu, JF [1 ]
Fu, Y [1 ]
机构：
[1] Zhejiang Univ, Dept Civil Engn, Hangzhou 310027, Peoples R China
来源：
2005 INTERNATIONAL CONFERENCE ON SERVICES SYSTEMS AND SERVICES MANAGEMENT, VOLS 1 AND 2, PROCEEDINGS | 2005年
关键词：
housing price; housing characteristics; hedonic price model;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The hedonic price model is widely applied to study the urban housing market because of the heterogeneity of housing products. Literature indicated that the hedonic price theory mainly includes two parts: Lancaster ' s partiality theory and Rosen's characteristic market equilibrium analysis. This paper chose 18 characeristics as independent variables and set up a linear hedonic price model for Hangzhou City. The model was tested with 2473 housing samples and field survey data of 290 housing communities. This research found that 14 out of 18 characteristics had significant influence on housing price. They were classified into 5 groups according to their impact degree.
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页码：1259 / 1263
页数：5
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