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Precios hedónicos para valoración de atributos de viviendas sociales en la Región Metropolitana de Santiago

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Author Info
Quiroga, Bernardo F.

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Abstract

In this paper, an hedonic pricing model is used to measure non-market attribute valuation in Social Housing Programs in Santiago de Chile. Implicit marginal prices are calculated as first stage Rosen estimates for attributes such as distance to different services, number of rooms of each type, and availability of warm water and connection to the sewage network. Distance implicit prices were calculated as the difference between coefficients of dummy variables which measured different distance levels. Results reveal non-linearity in the value of distances. Also, the number of rooms (especially bathrooms), as well as access to warm water and sewage system were highly valued.

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File URL: http://mpra.ub.uni-muenchen.de/378/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 378.

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Date of creation: Dec 2005
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Handle: RePEc:pra:mprapa:378

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Related research
Keywords: hedonic modeling social housing programs attribute valuation.

Find related papers by JEL classification:
I38 - Health, Education, and Welfare - - Welfare and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
R21 - Urban, Rural, and Regional Economics - - Household Analysis - - - Housing Demand

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  1. Epple, Dennis, 1987. "Hedonic Prices and Implicit Markets: Estimating Demand and Supply Functions for Differentiated Products," Journal of Political Economy, University of Chicago Press, vol. 95(1), pages 59-80, February. [Downloadable!] (restricted)
  2. Eugenio Figueroa & George Lever, 1992. "Determinantes del precio de la vivienda en Santiago: Una estimación hedónica," Estudios de Economia, University of Chile, Department of Economics, vol. 19(1 Year 19), pages 67-84, June. [Downloadable!]
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