2013 Fiscal Year Final Research Report
Upper and lower limits of overestimation ratio of hedonic measure
| Project/Area Number |
22653029
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| Research Category |
Grant-in-Aid for Challenging Exploratory Research
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| Allocation Type | Single-year Grants |
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| Research Field |
Applied economics
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| Research Institution | Tokyo Institute of Technology |
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Principal Investigator |
HIDANO Noboru 東京工業大学, 社会理工学研究科, 教授 (90111658)
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| Project Period (FY) |
2010-04-01 – 2013-03-31
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| Keywords | ヘドニック評価値 / 過大評価率 / 一般均衡モデル / 消費者の異質性 / 多地域 / ノンパラメトリック推定 |
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| Research Abstract |
The purpurse of this research is to estimate upper and lower bound of hedonic measure when applied to estimate benefits of an environmental project. We proved that Kanemoto's overstiamtion theorem (1988) can be vaid even for many types of heterogeious consumer exist. We also demonstrated the overestiamtion ratios,i.e. hedonic measure over gross benefit, can be applicable to most of the cases within resonable ranges.
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