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Serial number: 14/2013
Author(s): E. Jafarov, C. Abbasov
Language: Azerbaijani
Date: 2013
Abstract: Hedonic goods are analyzed by “Hedonic price model” and it makes possible to compute the adequacy of price indices in the commodity markets. Hedonic goods involve an immovable property, such as apartment, computers, cars, home things, mobile phones etc. The features of these goods form their prices.
Marginal effects of features of goods in forming the prices of hedonic goods can be determined with help of this approach. Other words, the parameters which are obtained from estimated of hedonic price model describe the marginal value of characteristics of goods.
This method creates wide opportunities for analyzing of quality changes on behavior and pleasure of people.
Key words: Hedonic price index, behavior, sample observation, statistic analysis
JEL classification: C10, C40
