Methodologies for Estimating Housing Subsidy Benefits
The traditional subsidy program benefit measurement techniques for a composite commodity ("housing services") model are reviewed and extended for use in the increasingly popular hedonic price framework in which housing is decomposed into a vector of characteristics, Since recent work has suggested that observed hedonic prices may not reflect market phenomena, a generalized approach is suggested which uses housing characteristics but is free of hedonic prices.
Year of publication: |
1978
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Authors: | Murray, Michael P. |
Published in: |
Public Finance Review. - Vol. 6.1978, 2, p. 161-192
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