This paper develops a dynamic model of neighborhood choice along with a computationally light multi-step estimator. The proposed empirical framework captures observed and unobserved preference heterogeneity across households and locations in a flexible way. The model is estimated using a newly...

This paper develops a dynamic model of neighborhood choice along with a computationally light multi-step estimator. The proposed empirical framework captures observed and unobserved preference heterogeneity across households and locations in a flexible way. The model is estimated using a newly...

Many countries have adopted lockdown measures to combat the coronavirus (COVID-19) pandemic. The lockdowns in the state of Victoria (VIC), Australia, however, are unique in that the government divides VIC into two distinct areas using Ring of Steel boundary, and consistently places more...

This paper develops a theoretically consistent technique for valuing non-marketed local attributes using compensating income differentials in the absence of housing market data. The individual's indirect utility function is identified with aggregate data describing equilibrium location...

The socioeconomic importance of housing and its medium- and long-term investment returns requires a significant effort to predict future dynamics to ensure that the different real estate market agents make the best decisions. Furthermore, the territory structure and the lack of information and...