Hedonic Prices, Taxation, and Imperfect Competition
2015/06/26
研討會日期 : 2015-06-26
時間 : 14:30
主講人 : Professor Ju-Chin Huang & Kent Zhao
主持人 : Professor Daigee Shaw
地點 : Conference Room B110
演講者簡介 : Professor Huang received her Ph.D. in Economics and Statistics at North Carolina State University in 1994. She is currently a Professor at University of New Hampshire. Her research fields are Environmental Valuation and Applied Econometrics.
Professor Zhao received his Ph.D. in Economics at The Ohio State University in2010. He is currently an Assistant Professor at Wang Yanan Institute for Studies in Economics, Xiamen University. His research fields are Environmental Economics and Labor Economics.
演講摘要 : We examine the role of taxation in the hedonic price model under imperfect competition. It is shown that taxes affect the equilibrium price locus of a differentiated product directly and indirectly through interactions with the product attributes. Our theoretical results suggest a means to simultaneously recover the price-cost markup and the marginal values of product attributes from hedonic price estimation in an imperfectly competitive market, increasing both the applicability and reliability of hedonic valuation methods. Based on our analytical results, we discuss alternative estimation strategies of the hedonic price model under imperfect competition. To demonstrate the proposed empirical hedonic model in an imperfectly competitive market, a study to examine the impact of snowfall on ski lift ticket prices is presented.
