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Interjurisdictional housing prices and spatial amenities: Which measures of housing prices reflect local public goods?

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  • Banzhaf, H. Spencer
  • Farooque, Omar

Abstract

Understanding the spatial variation in housing prices plays a crucial role in topics ranging from the cost of living to quality-of-life indices to studies of public goods and household mobility. Yet analysts have not reached a consensus on the best source of such data, variously using transaction values, self-reported values from the census, and rental values. Additionally, while most studies use micro-level data, some have used summary statistics such as the median housing value.

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Bibliographic Info

Article provided by Elsevier in its journal Regional Science and Urban Economics.

Volume (Year): 43 (2013)
Issue (Month): 4 ()
Pages: 635-648

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Handle: RePEc:eee:regeco:v:43:y:2013:i:4:p:635-648

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Keywords: Housing prices; Price index; Capitalization;

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Cited by:
  1. Winters, John V, 2010. "Differences in Quality of Life Estimates Using Rents and Home Values," MPRA Paper 22455, University Library of Munich, Germany.
  2. Mika Kortelainen & Tuukka Saarimaa, 2012. "Do Homeowners Benefit Urban Neighborhoods? Evidence from Housing Prices," SERC Discussion Papers 0110, Spatial Economics Research Centre, LSE.

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