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This paper investigates how the hedonic equilibrium is modified when discrete consumer heterogeneity with horizontal differentiated housing supply is assumed. Our results are threefold. First, discrete consumer heterogeneity leads to a segmentation of the hedonic price function at equilibrium...
Persistent link: https://www.econbiz.de/10013091805
This paper analyzes the transaction prices of green buildings assessed on the basis of multiple green factors. Our theoretical model demonstrates that the initial green premium can be negative but becomes positive as the building ages if a green building has a higher life-cycle cost and a longer...
Persistent link: https://www.econbiz.de/10013008860
The residential housing market can play an important role in the reduction of global carbon emissions, and the information conveyed by energy labels may help to encourage energy conservation among private consumers. This paper reports the first evidence on the market adoption and economic...
Persistent link: https://www.econbiz.de/10014194949
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Estimates of the probabilities of rearrest for sex offenders apprehended (n=2,785) in Western Australia between 1984 and 1994 are reported. Subjects on average were followed up for 5.7 years and assessed by criminal record, Aboriginality, bail status, age, occupation and penal intervention....
Persistent link: https://www.econbiz.de/10014167175
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This paper analyzes private precautions against crime when the value of the property to be protected is private … information. Within a framework in which potential criminals can choose between various crime opportunities, we establish that …
Persistent link: https://www.econbiz.de/10013315885
and Migration -- Crime in a Large German City and the Impact on Residential Real Estate. … life. Jan de Graaff therefore quantifies the impact of crime and migration on residential real estate prices and identifies … Crime in a Large German City and the Impact on Residential Real Estate Target Groups Scientists and students in the field of …
Persistent link: https://www.econbiz.de/10012399772
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