One of the problems that has plagued researchers in their estimation of reduced-form price equations for specific housing markets has been multicollinearity-the lack of statistical independence of the explanatory variables. This paper evaluates the suitability for structural analysis and...

This paper presents an economic model which casts the "Tiebout Hypothesis" in a Von Thumen type model of spatial equilibrium and considers the effect of differential provision of municipal services on household utility levels and housing prices in a politically fragmented urban area. Also in the...