For decades, economists have used the hedonic model to estimate demands for the implicit characteristics of differentiated commodities. The traditional cross-sectional approach can recover marginal willingness to pay for characteristics, but has faltered over a difficult endogeneity problem for non-marginal welfare measures. I show that when marginal prices can be reliably estimated, and when p...

Abstract This paper proposes an M-quantile regression approach to address the heterogeneity of housing market in a modern European city. We show how modelling is rich and flexible tool for empirical price data analysis, allowing us obtain robust estimation hedonic function whilst accounting different sources prices. The suggested methodology can generally be used analyse nonlinear interactions ...

Abstract One of the main climate-related disasters in Yogyakarta, Indonesia, is landslides, which result slope degradation through soil loss. The largest number landslides was recorded Kulonprogo regency. In Samigaluh sub-district, where recent resulted biggest displaced persons, this study seeks to determine economic impacts landslides. For investigation, we used primary data gathered using a ...

Hedonic price regressions have become a standard tool to study how prices of commodity goods are related to quality attributes. In this paper, we extend the traditional price specification by incorporating three sources of unobserved heterogeneity related to sellers, buyers, and matches between buyers and sellers. The extended price specification is estimated on a unique exhaustive dataset of n...