TY  - JOUR
AU  - Heckman,James J.
AU  - Matzkin,Rosa
AU  - Nesheim,Lars
TI  - Simulation and Estimation of Nonaddative Hedonic Models
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 9895
PY  - 2003
Y2  - August 2003
UR  - http://www.nber.org/papers/w9895
L1  - http://www.nber.org/papers/w9895.pdf
N1  - Author contact info:
James J. Heckman
Department of Economics
The University of Chicago
1126 E. 59th Street
Chicago, IL 60637
Tel: 773/702-0634
Fax: 773/702-8490
E-Mail: jjh@uchicago.edu

Rosa Matzkin
Department of Economics
University of California, Los Angeles
8283 Bunche Hall
Mail Stop 147703
Los Angeles  CA  90095
E-Mail: matzkin@econ.ucla.edu

Lars Nesheim
Department of Economics
University College London
Gower Street
London WC1E 6BT
United Kingdom
E-Mail: l.nesheim@ucl.ac.uk
AB  - Making use of restrictions imposed by equilibrium, theoretical progress has been made on the nonparametric and semiparametric estimation and identification of scalar additive hedonic models (Ekeland, Heckman, and Nesheim, 2002) and scalar nonadditive hedonic models (Heckman, Matzkin, and Nesheim, 2002). However, little is known about the practical aspects of estimating such models or of the characteristics of equilibrium in such models. This paper presents computational and analytical results that fill some of these gaps. We simulate and estimate examples of equilibrium in the additive hedonic models and provide evidence on the performance of several estimation techniques. We also simulate examples of equilibria in nonadditive models and provide evidence on the performance of the nonadditive estimation techniques developed in Heckman, Matzkin, and Nesheim (2002).
ER  -