IDEAS home Printed from https://ideas.repec.org/p/cat/dtecon/dt201510.html
   My bibliography  Save this paper

Estimating the Demand for Housing Attributes in Chile

Author

Listed:
  • Esteban Lopez

    (Regional Economics Applications Laboratory, University of Illinois at Urbana-Champaign, USA)

  • Dusan Paredes

    (Departamento de Economía, Universidad Católica del Norte, Chile)

Abstract

This paper estimates income and price elasticities for housing attributes for each region of Chile in order to evaluate the sensitivity of their demand to price changes as well as whether they are considered luxuries or basic necessities. Using five cross section household surveys (CASEN) from 2000-2011, our results suggest that based on income elasticities, Housing Size (HS) and Housing Location (HL) are basic necessities. Contrarily, Housing Quality (HQ) and Housing Features (HF) are considered luxury goods. HS and HL are more price-inelastic than the other attributes. These results are consistent across regions.

Suggested Citation

  • Esteban Lopez & Dusan Paredes, 2015. "Estimating the Demand for Housing Attributes in Chile," Documentos de Trabajo en Economia y Ciencia Regional 63, Universidad Catolica del Norte, Chile, Department of Economics, revised Sep 2015.
    • Handle: RePEc:cat:dtecon:dt201510
    as

    Download full text from publisher

    File URL: https://sites.google.com/a/ucn.cl/wpeconomia/archivos/WP2015-10.pdf
    File Function: First version, 2015
    Download Restriction: no
    ---><---

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cat:dtecon:dt201510. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Benjamin Jara (email available below). General contact details of provider: https://edirc.repec.org/data/ieucncl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.