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


  • Quiroga, Bernardo F.


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.

Suggested Citation

  • Quiroga, Bernardo F., 2005. "Precios hedónicos para valoración de atributos de viviendas sociales en la Región Metropolitana de Santiago," MPRA Paper 378, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:378

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    References listed on IDEAS

    1. repec:fth:prinin:274 is not listed on IDEAS
    2. 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.
    3. repec:fth:harver:1475 is not listed on IDEAS
    4. 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.
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    Cited by:

    1. Idrovo Aguirre, Byron & Lennon S., Joaquín, 2011. "Indice de Precios de Viviendas Nuevas para el Gran Santiago
      [Hedonic pricing models to calculate price indexes for new houses in the Santiago province]
      ," MPRA Paper 31400, University Library of Munich, Germany, revised 28 Jan 2011.
    2. Andrés Sagner, 2009. "Determinantes del Precio de Viviendas en Chile," Working Papers Central Bank of Chile 549, Central Bank of Chile.

    More about this item


    hedonic modeling; social housing programs; attribute valuation;

    JEL classification:

    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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