How Much More is a Good School District Worth?
Infers the value of public schools from sale prices of houses in neighborhoods in which public services are delivered by overlapping jurisdictions to isolate the effects of the public school from other local government services. Discusses differences across jurisdictions in the value of local public schools under a variety of assumptions about the degree of tax and service capitalization.
Volume (Year): 50 (1997)
Issue (Month): 2 (June)
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- 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.
- Schafer, Robert, 1979. "Racial discrimination in the Boston housing market," Journal of Urban Economics, Elsevier, vol. 6(2), pages 176-196, April.
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