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Estimating compensating and equivalent income variations from hedonic price models |
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| Authors: | Joel L. Horowitz |
| Affiliation: | The University of Iowa, Iowa City, IA 52242, USA |
| Abstract: | Estimates of welfare changes obtained from hedonic price models usually consist of changes in Marshallian consumer's surplus. This note shows how compensating and equivalent income variations can be computed from the information available in hedonicprice models. |
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