A Theoretical Basis for Hedonic Regression: A Research Primer
证明享乐回归是对特征空间中多面消费可能性边界的近似,因此线性函数形式不适用,纳入的特征必须限于商品本身,且截距和定性特征系数易于解释。
The hedonic regression, estimation of an hedonic price function, is shown to be an approximation of a multifaceted consumption possibilities frontier in characteristics space. Consequently, a linear functional form is inappropriate, included characteristics must be restricted to those which pertain to the good itself, and the estimated intercept and qualitative characteristic coefficients are easily interpretable.