The housing consumption of renters in small cities is examined using a constant elasticity model estimated from cross-sectional data for a sample of 500 households. Permanent income is estimated using a cohort averaging technique which adjusts for differential expectations of future incomes. The...

A simultaneous equations model of bid and offer functions for housing attributes(dwelling quality, dwelling size, and lot size) is estimated in order to accountfor the heterogeneity of the housing good. Estimation of a traditional, nonlinear hedonic ...