Gaviria, Alejandro; Medina, Carlos; Morales, Leonardo; … - BANCO DE LA REPÚBLICA - 2008
We use hedonic price models to estimate the value households are willing to pay to avoidviolent crime in the city of Bogotá. We find that households living in the highestsocioeconomic level (stratum 6) pay up to 7.2% of their house values in order to preventaverage homicide rates from...