NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Hedonic Prices and Implicit Markets: Estimating Marginal Willingness to Pay for Differentiated Products Without Instrumental Variables

Kelly C. Bishop, Christopher Timmins

NBER Working Paper No. 17611
Issued in November 2011

---- Acknowledgements -----

We thank the seminar/conference participants at the AERE/ASSA Annual Meetings, Camp Resources, Iowa State University, Montana State University, Syracuse University, the Triangle Resource and Environmental Economics Workshop, the UEA/RSAI Annual Meetings, the University of Wisconsin, the University of Stirling, the University of Aberdeen, LSE Center for Economic Performance, and Econometric Society Summer Meetings for their helpful comments and suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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