Estimating Housing Demand with an Application to Explaining Racial Segregation in Cities
(250 K)
|
NBER Working Paper No. 9891
Issued in August 2003
NBER Program(s): IO
We present a three-stage estimation procedure to recover willingness to pay for housing attributes. In the first stage, we estimate a non-parametric hedonic home price function. Second, we recover each consumer's taste parameters for product characteristics using first order conditions for utility maximization. Finally, we estimate the distribution of household tastes as a function of household demographics. As an application of our methods, we compare alternative explanations for why blacks choose to live in center cities while whites suburbanize.
Published: Bajari, Patrick and Matthew E. Kahn. "Estimating Housing Demand With An Application To Explaining Racial Segregation In Cities," Journal of Business and Economic Statistics, 2005, v23(1,Jan), 20-33.
This paper is available as PDF (250 K) or via email.
Machine-readable bibliographic record -
MARC,
RIS,
BibTeX
|
|
|
About
Support
The research activities of the NBER are funded by grants from federal research agencies, by private foundations, and by generous donations from our corporate associates and from private individuals. The NBER is a non-profit, 501(c)(3) organization. For information on supporting the NBER, please contact:
Mr. Denis Healy, Director of Development
NBER
1050 Massachusetts Avenue
Cambridge, MA 02138-5398
ph: 617-868-3900
email: dhealy@nber.org
Close
