Hedonic prices for environmental and safety characteristics and the Akerlof effect in the French car market
In this paper, the computation of hedonic prices on individual panel data shows the positive valuation of environmental and safety characteristics by the market and gives some evidence of an Akerlof effect between perceived quality and the part of the market price which is not explained by car characteristics and pure inflation.
Volume (Year): 3 (1996)
Issue (Month): 7 ()
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