西南财大光华讲坛—社会名流论坛第 2199期
主讲人：Susumu Imai (加拿大Queen,s大学副教授)
标  题：Estimation of Dynamic Hedonic Housing Models with Unobserved Heterogeneity
主持人：Maxwell Pak
经济与管理研究院  副教授
时  间：11月11日（星期五）下午1：55
地  点：颐德楼406教室
主 办 ：经济与管理研究院  科研处
摘要: In this paper, we estimate a dynamic hedonic model with unobserved housing specic characteristics. In the former literature, the identication of these models relies on dubious instrumental variables. Whereas the traditional hedonic approach focus on the observed housing characteristics, we use the mobility choice from the housing tenure data and the observed hedonic housing characteristics as the main source of identication. The estimation problem turns out to be much simpler than the location choice literature, where the potential choice set is large. We recover for each housing unit one specific unobserved characteristics as well as individual specific utility shocks. Our approach allows for the unobserved housing characteristics to be correlated with the observed ones. The estimation only requires single market housing data. We use mobility data on rental apartments from the French Housing Survey. We exploit the strong rent control regulation in France, which makes the rent effectively invariant to changes in local economic conditions. Therefore, we do not need to worry about the endogeneity of rent in the mobility.演讲者简介：Susumu Imai教授于1998年获明尼苏达大学经济学博士，曾在Pennsylvania State University, Concordia University, University of Copenhagen等著名学府执教或访问，现为加拿大Queen's University副教授（终身轨）。主要研究领域为计量经济学、国际经济学、劳动经济学、产业经济学、房地产经济学等。现为Journal of International Economics副主编，论文发表在Econometrica, Journal of International Economics, International Economic Review,  Quantitative Marketing and Economics, Journal of Housing Research等国际一流期刊上。