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Prix hédoniques et estimation d'un modèle structurel d'offre et de demande de caractéristiques [Une application au marché de la location de logements en France ]

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  • Olivier Marchand
  • Eric Skhiri

Abstract

[fre] Prix hédoniques et estimation d'un modèle structurel d'offre et de demande de caractéristiques, . par Olivier Marchand et Eric Skhiri.. . L'analyse des prix hédoniques est l'une des premières qui ait été menée sur le marché français de la location immobilière. Les données proviennent d'enquêtes transversales effectuées dans huit villes françaises de province. Une transformation Box-Cox permet d'obtenir la meilleure forme de fonction. La régression hédonique est tout à fait satisfaisante, l'écart de 66% s'expliquant par le modèle. Un modèle structurel d' offre et de demande de caractéristiques peut en outre être validé. Le problème de la simultanéité est résolu par l'utilisation de la variable muette "ville" en tant que variable instrumentale. Nous obtenons ainsi le premier essai d'estimation des facteurs de l'offre et de la demande de caractéristiques en France. [spa] Precios hedonistas y modelo de estimación estructural de oferta y de demanda de características : una aplicación para el mercado del alquiler de viviendas, . por Olivier Marchand y Eric Skhiri.. . Este análisis de precios hedonistas es uno de los primeros que se han llevado a cabo en el mercado francés de las viviendas alquiladas. Los datos consisten en encuestas transversales en ocho ciudades francesas (de provincia). Se utiliza una transformación Box-Cox para obtener la mejor forma funcional. La regresión hedonista es bastante satisfactoria, con el 66% de variación explicada por el modelo. Asimismo, un modelo estructural de la oferta y de la demanda de características puede ser validado. El problema de sïmultaniedad parece ser resuelto con la utilización de la variable ficticia "ciudad" como una variable instrumental. Así obtenemos el primer intente de estimación de los factores de oferta y de demanda de características en Francia. [ger] Schätzung hedonistischer Preise und eines Strukturmodells der Merkmalsnachfrage und des Merkmalsangebotes: eine Anwendung auf den französischen Markt für Mietwohnungen, . Von Olivier Marchand und Eric Skhiri.. . Diese Analyse hedonistischer Preise ist eine der ersten, die über den französischen Markt fur Mietwohnungen durchgeführt worden sind. Die Daten stammen aus Querschnittsanalysen in acht französischen Städten in der Provinz. Um die beste funktionale Form erhalten zu können, wird eine Box-Cox-Transformation verwandt. Da sich mit diesem Modell 66% der Varianz erklären lassen, ist die hedonistische Regression recht zufriedenstellend. Ferner wird dabei die Relevanz eines Strukturmodells der Merkmalsnachfrage und des Merkmalsangebotes nachgewiesen. Es wird aufgezeigt, daß sich das Simultaneitätsproblem durch die Verwendung des Stadt-Dummy als Instrumentalvariable lösen läßt. Somit erhalten wir den ersten Versuch, die Faktoren der Merkmalsnachfrage und des Merkmalsangebotes in Frankreich zu schätzen. [eng] Hedonic Prices and a Structural Model Estimate of the Supply and Demand of Characteristics: Application to the French Rental Housing Market, . by Olivier Marchand and Eric Skhiri .. . This hedonic price analysis is one of the first to be made of the French rental housing market. The data are taken from cross-sectional surveys in eight French towns (excluding the Paris area). A Box-Cox transformation is used to obtain the best functional form. The hedonic regression is found to be fairly satisfactory with 66% of variance explained by the model. Furthermore, a structural model of the supply and demand of characteristics is validated. The problem of simultaneity is solved by using the town dummy as an instrumental variable. We therefore make the first attempt to estimate the factors of the supply and demand of characteristics in France.

Suggested Citation

  • Olivier Marchand & Eric Skhiri, 1995. "Prix hédoniques et estimation d'un modèle structurel d'offre et de demande de caractéristiques [Une application au marché de la location de logements en France ]," Économie et Prévision, Programme National Persée, vol. 121(5), pages 127-140.
    • Handle: RePEc:prs:ecoprv:ecop_0249-4744_1995_num_121_5_5766
    DOI: 10.3406/ecop.1995.5766
    Note: DOI:10.3406/ecop.1995.5766
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    References listed on IDEAS

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    1. Stéphane Jacobzonne & Edouard Martin & Vincent Perrin & Julien Werle, 1997. "Une approche hedonique de la formation des prix des médicaments remboursables," Économie et Prévision, Programme National Persée, vol. 129(3), pages 73-99.
    2. Radmila Datsenko, 2013. "House Price Dynamics : The French Case," Post-Print halshs-03373717, HAL.

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