Document Type
Capstone Project
Publication Date
5-21-2026
Publication Title
UNLV Undergraduate Economics Working Paper Series
Publisher
University of Nevada, Las Vegas
Publisher Location
Las Vegas (Nev.)
Volume
3
Issue
1
First page number:
1
Last page number:
18
Abstract
This paper uses Rosen's paper on hedonic pricing as a framework to analyze the determinants of used car prices found in Craigslist. Using cleaned data, we observe over 43,000 listings from 2005 to 2020 and investigate factors that affect used car prices and how they interact in this market. Results show that odometer readings and condition are the strongest factors that determine price, while manufacturers, paint color, drive type, fuel type, size, and year have more ambiguous effects that depend on certain perceived attributes or conditions.
Keywords
Hedonic Pricing; Ordinary Least Squares; Consumer Preferences; Product
Disciplines
Economics | Transportation | Transportation and Mobility Management
File Format
File Size
467 KB
Language
English
Rights
IN COPYRIGHT. For more information about this rights statement, please visit http://rightsstatements.org/vocab/InC/1.0/
Repository Citation
Bent, A.,
Gutierrez, J.
(2026).
Hedonics of Used Car Attributes on Market Price.
UNLV Undergraduate Economics Working Paper Series, 3(1),
1-18.
Available at:
http://dx.doi.org/10.34917/40601193
Included in
Economics Commons, Transportation Commons, Transportation and Mobility Management Commons