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Hedonic Prices and the Demand for Housing Attributes in a Third World City: The Case of Ibadan, Nigeria

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  • Ben C. Arimah

    (Centre for Urban and Regional Planning, University of Ibadan, Ibadan, Nigeria)

Abstract

This paper estimates the demand functions for a set of housing attributes for the city of Ibadan, Nigeria, using Rosen's two-step estimation procedure. The empirical results reveal that the most important determinants of the demand for housing attributes are: income, price of the attribute in question, household size and the occupational status of the head of household. The paper further indicates that the demand for housing attributes is inelastic as all estimated elasticities are below unity.

Suggested Citation

  • Ben C. Arimah, 1992. "Hedonic Prices and the Demand for Housing Attributes in a Third World City: The Case of Ibadan, Nigeria," Urban Studies, Urban Studies Journal Limited, vol. 29(5), pages 639-651, June.
  • Handle: RePEc:sae:urbstu:v:29:y:1992:i:5:p:639-651
    DOI: 10.1080/00420989220080601
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    References listed on IDEAS

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    Cited by:

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    2. Eric Nazindigouba KERE & Johanna CHOUMERT & Amandine Loyal LARÉ-DONDARINI, 2014. "The impact of water and sanitation access on housing values: The case of Dapaong, Togo," Working Papers 201403, CERDI.
    3. Yusuf, Arief Anshory & Resosudarmo, Budy P., 2009. "Does clean air matter in developing countries' megacities? A hedonic price analysis of the Jakarta housing market, Indonesia," Ecological Economics, Elsevier, vol. 68(5), pages 1398-1407, March.
    4. Gabriel Leite Mota, 2007. "Why Should Happiness Have a Role in Welfare Economics? Happiness versus Orthodoxy and Capabilities," FEP Working Papers 253, Universidade do Porto, Faculdade de Economia do Porto.

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