A selection model of hedonic house values and rents

Jonathan Halket, Lars Nesheim, Florian Oswald

We use a large repeated cross-section of houses to estimate a selection model of the supply of owner-occupied and rental housing. We find that physical characteristics and unobserved heterogeneity and not location are important for selection. We interpret this as strong evidence in favor of contracting frictions in the rental market relating to maintenance and modification of a dwellings physical characteristics.

MoreLess

Year of publication:	February 26, 2015 ; Preliminary
Authors:	Halket, Jonathan ; Nesheim, Lars ; Oswald, Florian
Published in:	World renaissance : changing roles for people and places : programme and list of participations : ERSA 55th Congress : in conjunction with the 21th APDR Congress : 25-28 August 2015 - Lisbon, Portugal
Publisher:	[Louvain-la-Neuve] : European Regional Science Association
Subject:	Hedonischer Preisindex \| Hedonic price index \| Miete \| Rent \| Immobilienpreis \| Real estate price \| Theorie \| Theory

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (circa 35 Seiten) Illustrationen
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Konferenzbeitrag ; Conference paper
Language:	English
Other identifiers:	hdl:10419/124734 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011478828