Discussion Papers,
Statistics Norway, Research Department

Abstract: This paper develops a new framework for empirical modelling of consumer demand with particular reference to products that are differentiated with respect to quality and location attributes. The point of departure is a flexible representation of the distribution of product attributes and consumer tastes. From this representation and additional behavioral assumptions we derive a structural model for the distribution of the chosen product attributes and the associated quantities. Furthermore, an explicit relationship between the distribution of prices and unit values is obtained.

Keywords: Price distribution; differentiated products; quality attributes; hedonic price indexes.

JEL-codes: C25; C43; D11 February 1996

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