Economic Effects of Racial Integration: An Analysis of Hedonic Housing Prices and the Willingness to Pay
This study evaluates household economic effects stemming from neighborhood racial integration in Oakland, California. To that end, housing market data are applied to estimate hedonic price and willingness-to-pay functions for neighborhood racial composition. Results of the analysis indicate the problematic nature of the constant willingness-to-pay assumption and suggest this standard method may underestimate the household economic effects of racial integration. The paper concludes with implications for neighborhood integration policy. Copyright American Real Estate and Urban Economics Association.
Year of publication: |
1987
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Authors: | Gabriel, Stuart A. |
Published in: |
Real Estate Economics. - American Real Estate and Urban Economics Association - AREUEA. - Vol. 15.1987, 3, p. 268-279
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Publisher: |
American Real Estate and Urban Economics Association - AREUEA |
Saved in:
freely available
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