估计汽车需求时遗漏质量变量导致的偏差

The Bias Due to Omitting Quality When Estimating Automobile Demand

Review of Economics and Statistics · 1991
被引 24
人大 AFT50ABS 4

中文导读

这篇短文指出,在估计汽车等异质商品的需求弹性时,如果忽略质量变量,会导致价格弹性被低估;基于Levinsohn(1988)的模型,加入质量变量可使估计的价格弹性提高80%以上。

Abstract

The conclusions of policy-oriented market studies often hinge upon the size of an estimated demand elasticity. Few of the researchers who have estimated such elasticities have utilized a variable designed to measure the subjective concept of quality. If quality both significantly affects the demand for a heterogeneous good and is positively correlated with price, omitting quality from a demand regression will lead to a downward bias in the estimated price elasticity. Using Levinsohn's (1988) model of the automobile market as a framework, this note shows that including quality variables can increase the model's estimated price elasticity by more than 80 percent. Copyright 1991 by MIT Press.

汽车需求质量遗漏价格弹性估计遗漏变量偏误