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Innis Lecture: Hedonic equilibrium

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  • Michael Peters

Abstract

. This paper describes hedonic equilibrium and shows how and why the concept has to be modified when characteristics of traders on both sides of the market are endogenous. Cet article décrit l'équilibre hédonique et montre comment et pourquoi le concept doit être modifié quand les caractéristiques des agents des deux côtés du marché sont endogènes.

Suggested Citation

  • Michael Peters, 2007. "Innis Lecture: Hedonic equilibrium," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 40(4), pages 1060-1077, November.
    • Handle: RePEc:wly:canjec:v:40:y:2007:i:4:p:1060-1077
    DOI: 10.1111/j.1365-2966.2007.00442.x
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    References listed on IDEAS

    as
    1. Roth, Alvin E., 2003. "The origins, history, and design of the resident match," Scholarly Articles 35059715, Harvard University Department of Economics.
    2. Jeremy Bulow & Jonathan Levin, 2006. "Matching and Price Competition," American Economic Review, American Economic Association, vol. 96(3), pages 652-668, June.
    3. Michael Peters & Aloysius Siow, 2002. "Competing Premarital Investments," Journal of Political Economy, University of Chicago Press, vol. 110(3), pages 592-608, June.
    4. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    5. Roth, Alvin E. & Sonmez, Tayfun & Utku Unver, M., 2005. "Pairwise kidney exchange," Journal of Economic Theory, Elsevier, vol. 125(2), pages 151-188, December.
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    Cited by:

    1. Gaetano Lisi, 2013. "On the Functional Form of the Hedonic Price Function: A Matching-theoretic Model and Empirical Evidence," International Real Estate Review, Global Social Science Institute, vol. 16(2), pages 189-207.

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