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Understanding Diamond Pricing Using Unconditional Quantile Regressions
| Content Provider | Semantic Scholar |
|---|---|
| Author | Vaillant, Nicolas Gérard Wolff, François-Charles |
| Copyright Year | 2013 |
| Abstract | This paper investigates the relationship between the selling price of diamonds and their weight in carats. For this purpose, we use a unique sample of 112,080 certified diamonds collected from www.info-diamond.com during the first week of July 2011. We find substantial differences in pricing depending on cut shape. The price of diamonds increases markedly with the carat weight, with a price elasticity equal to 1.94. However, estimates from unconditional quantile regressions show that the price-weight elasticity is not constant since it rises along the price distribution of diamonds. Finally, we observe the existence of significant increases in prices for diamonds featured with round weights compared to gems just below these threshold weights. |
| Starting Page | 1540 |
| Ending Page | 1561 |
| Page Count | 22 |
| File Format | PDF HTM / HTML |
| Volume Number | 3 |
| Alternate Webpage(s) | http://www.aessweb.com/pdf-files/aefr%203(11),%201540-1561.pdf |
| Alternate Webpage(s) | http://hal.inria.fr/docs/00/85/33/84/PDF/diamonds_HAL.pdf |
| Alternate Webpage(s) | http://halshs.archives-ouvertes.fr/docs/00/85/33/84/PDF/diamonds_HAL.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |