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Using Locational Equilibrium Models to Evaluate Housing Price Indexes

Sieg, Holger - 2000

This paper analyses how the properties of locational equilibrium models can be used to evaluate approaches for constructing price indexes for heterogeneous houses. Housing markets play a key role in locational equilibrium models. Prices for houses determine that implicit costs that households...

Persistent link: https://www.econbiz.de/10012470802

The Marginal Cost of Mortality Risk Reduction : Evidence from Housing Markets

Bishop, Kelly C.; Kuminoff, Nicolai V.; Mathes, Sophie; … - National Bureau of Economic Research - 2021

We provide the first evidence that spatial variation in all-cause mortality risk is capitalized into US housing prices. Using a hedonic framework, we recover the annual implicit cost of a 0.1 percentage-point reduction in mortality risk among older Americans and find that this figure is both...

Persistent link: https://www.econbiz.de/10012794649

The Coal Transition and Its Implications for Health and Housing Values

Fraenkel, Rebecca; Zivin, Joshua S. Graff; Krumholz, Sam D. - National Bureau of Economic Research - 2022

During the past fifteen years, more than 30% of US coal plants have had at least one coal-fired generator close. We utilize this natural experiment to estimate the effect of coal plant exposure on mortality and house values. Using a difference-in-differences design, we find that, despite the...

Persistent link: https://www.econbiz.de/10013477294

Accounting for Price Endogeneity in Airline Itinerary Choice Models : An Application to Continental U.S. Markets

Lurkin, Virginie - 2016

Network planning models, which forecast the profitability of airline schedules, support many critical decisions, including equipment purchase decisions. Network planning models include an itinerary choice model that is used to allocate air total demand in a city pair to different itineraries....

Persistent link: https://www.econbiz.de/10012455950

Dynamic Price Competition : Theory and Evidence from Airline Markets

Hortaçsu, Ali; Oery, Aniko; Williams, Kevin R. - National Bureau of Economic Research - 2022

We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish conditions under which the equilibrium is unique and converges to a system of differential equations. Using unique and comprehensive pricing and bookings data for competing...

Persistent link: https://www.econbiz.de/10013362001

A Forward Looking Ricardian Approach : Do Land Markets Capitalize Climate Change Forecasts?

Severen, Christopher - 2016

The hedonic pricing method is one of the fundamental approaches used to estimate the economic value of attributes that affect the market price of an asset. In environmental economics, such methods are routinely used to derive the economic valuation of environmental attributes such as air...

Persistent link: https://www.econbiz.de/10012456264

The Value of Piped Water and Sewers : Evidence from 19th Century Chicago

Coury, Michael; Kitagawa, Toru; Shertzer, Allison; … - National Bureau of Economic Research - 2022

We estimate the impact of piped water and sewers on property values in mid-19th century Chicago. The cost of sewer construction depends sensitively on imperceptible variation in grade, and such variations in grade delay water and sewer service to part of the city. This delay provides...

Persistent link: https://www.econbiz.de/10012938687

Cost of Capital for the United States, Japan, and Canada : An Attempt at Measurement Based on Individual Company Records and Aggregate National Acccoun

Ando, Albert - 1997

countries such as the US, Canada, and Japan. Attempts are made to carry out the measurement based both on the accounting records … depreciation and before taxes is found to fluctuate around 10-11% without a persistent trend. For Canada, the indivi- dual company … Canada supple- mented by some unpublished data supplied by Statistics Canada suggest that the cost of capital in Canada is …

Persistent link: https://www.econbiz.de/10012472944

Unemployment in the Great Recession : A Comparison of Germany, Canada and the United States

Hoffmann, Florian - 2014

States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …

Persistent link: https://www.econbiz.de/10012457972

A Theory-Based Approach to Hedonic Price Regressions with Time-Varying Unobserved Product Attributes : The Price of Pollution

Bajari, Patrick - 2010

We propose a new strategy for a pervasive problem in the hedonics literature--recovering hedonic prices in the presence of time-varying correlated unobservables. Our approach relies on an assumption about homebuyer rationality, under which prior sales prices can be used to control for...

Persistent link: https://www.econbiz.de/10012462927

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