Estimating Housing Demand with an Application to Explaining Racial Segregation in Cities
AbstractAugust 2002 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. Working Papers Index
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Bibliographic InfoPaper provided by Stanford University, Department of Economics in its series Working Papers with number 02011.
Date of creation: Aug 2002
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Other versions of this item:
- Patrick Bajari & Matthew E. Kahn, 2005. "Estimating Housing Demand With an Application to Explaining Racial Segregation in Cities," Journal of Business & Economic Statistics, American Statistical Association, vol. 23, pages 20-33, January.
- Patrick Bajari & Matthew E. Kahn, 2003. "Estimating Housing Demand with an Application to Explaining Racial Segregation in Cities," NBER Working Papers 9891, National Bureau of Economic Research, Inc.
- R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General
- C5 - Mathematical and Quantitative Methods - - Econometric Modeling
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-09-28 (All new papers)
- NEP-LTV-2002-09-21 (Unemployment, Inequality & Poverty)
- NEP-URE-2002-09-28 (Urban & Real Estate Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Amazon Fresh and the Rise of the Consumer City
by Matthew Kahn in Environmental and Urban Economics on 2013-07-31 02:37:00
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