The Core and Hedonic Core: Reply to Wooders (2001), with Counterexamples
13 Pages Posted: 6 Mar 2003
Date Written: May 2002
In response to Wooders (2001), I review the contributions of Engl and Scotchmer (1996) regarding monotonicity and the hedonic core, show how our contributions diverge from those previously in the literature, and highlight the importance of our assumptions by giving counterexamples, particularly to related results of Wooders.
Keywords: Hedonic Pricing, Monotonicity, Attributes, Comparative Statics
JEL Classification: C0, C7
Suggested Citation: Suggested Citation