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Estimating Hedonic Models of Consumer Demand with an Application to Urban Sprawl. Patrick Bavaria and Matthew Khan University of Minnesota and BER University of California, Los Angeles May 9, 2007,
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The purpose of estimating hedonic models is to gain insights into how the different attributes of a product contribute to its price or value. This information can be useful for businesses to make pricing decisions, assess consumer preferences, or analyze market trends.
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The information required to be reported on estimating hedonic models includes the attributes or characteristics of the product being analyzed, the corresponding prices or values, and any other relevant variables that may influence the relationship between attributes and price.
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