A New Approach to Estimating Equilibrium Models for Metropolitan Housing Markets

We formulate and estimate a new equilibrium model of metropolitan housing markets with housing differentiated by quality. Quality is a latent variable that captures all features of a dwelling and its environment. We estimate the model for Chicago and New York, obtaining hedonic housing price functions for each quality level for each metropolitan area, stocks of each quality, and compensating variations required for a household of a given income in Chicago to be equally well off in New York

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Year of publication:	2018
Authors:	Epple, Dennis ; Quintero, Luis ; Sieg, Holger
Publisher:	[S.l.] : SSRN

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Extent:	1 Online-Ressource (56 p)
Series:	Johns Hopkins Carey Business School Research Paper ; No. 18-12
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 7, 2018 erstellt
Other identifiers:	10.2139/ssrn.3216207 [DOI]
Classification:	R2 - Household Analysis ; R31 - Housing Supply and Markets ; R32 - Other Spatial Production and Pricing Analysis ; D11 - Consumer Economics: Theory ; R21 - Housing Demand ; R23 - Regional Migration; Regional Labor Markets; Population ; D62 - Externalities ; C14 - Semiparametric and Nonparametric Methods
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014033537