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dc.contributor.authorWard, Damian
dc.date.accessioned2017-09-14T16:45:27Z
dc.date.available2017-09-14T16:45:27Z
dc.date.issued2015-11-04
dc.identifier.citationWard , D 2015 , ' Measuring The Value Of Product Characteristics In The Presence of Price Dispersion ' , Managerial And Decision Economics , vol. 36 , no. 8 , pp. 535-544 . https://doi.org/10.1002/mde.2693
dc.identifier.issn1099-1468
dc.identifier.urihttp://hdl.handle.net/2299/19406
dc.descriptionThis is the peer reviewed version of the following article: Damian Ward, 'Measuring the Value of Product Characteristics in the Presence of Price Dispersion', Managerial and Decision Economics, Vol. 36 (8): 535-544, December 2015, which has been published in final form at https://doi.org/10.1002/mde.2693. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
dc.description.abstractModeling the price of multi-attribute products generally requires an assessment of eachattributes’ market value. In the presence of price dispersion, when similar products are soldat different prices, hedonic pricing models provide users with biased estimates of attributevalue. This paper develops the hedonic pricing literature by proposing data envelopmentanalysis as a prior means of identifying a sub-sample of products which, after adjustingfor attribute provision, display no price dispersion. These products then display a homoge-nous link between attributes and price, which can be modeled using hedonic pricing. Thispaper implements and evaluates this two-stage approach using 1000 observations fromthe UK mortgage market.en
dc.format.extent10
dc.format.extent569580
dc.language.isoeng
dc.relation.ispartofManagerial And Decision Economics
dc.titleMeasuring The Value Of Product Characteristics In The Presence of Price Dispersionen
dc.contributor.institutionHertfordshire Business School
dc.description.statusPeer reviewed
rioxxterms.versionofrecord10.1002/mde.2693
rioxxterms.typeJournal Article/Review
herts.preservation.rarelyaccessedtrue


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