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evidence of considerable preference heterogeneity. We also show that the full capitalization of school quality into housing … literature, whereby increases in school quality also raises prices by attracting households with more education and income to the …
Persistent link: https://www.econbiz.de/10011609738
literature on capitalization of schooling. In the first difference model, 10% increase in child care coverage, about one standard …
Persistent link: https://www.econbiz.de/10011780592
capitalization across jurisdictions. However, due to differences on local public goods provision and residents' characteristics … local markets would not necessarily have the same degree of capitalization. Using parametric and non-parametric methods and … transaction data for Santiago, Chile, we estimate the anticipated capitalization of a new metro line across counties in the city …
Persistent link: https://www.econbiz.de/10008526409
list of variables that may be included in any estimation for capitalization of community speci?c characteristics in the …
Persistent link: https://www.econbiz.de/10004999121
Hedonic regressions with house value as the dependent vaqriable are widely used to study the value of public services and amenities. This paper builds on the theory of household bidding and sorting to derive a bid function envelope, which provides a form for these regressions. This approach uses...
Persistent link: https://www.econbiz.de/10005698374
announcement of evacuation has had a positive effect on prices in the directly affected region. The time of capitalization …
Persistent link: https://www.econbiz.de/10010717497
We primarily focus on explaining housing prices and predicting housing price gradients in a Norwegian region with one dominating center (Stavanger). For such a geography spatial separation can be represented in a hedonic regression equation by a function of traveling distance from the city...
Persistent link: https://www.econbiz.de/10008918552
developers can supply new houses and capitalization may disappear. We provide a theoretical model in which income taxes and … model, we estimate the impact of available land for construction on capitalization rates with a panel of Swiss communities … land availability. Thus, land availability is not sufficient for capitalization to disappear. …
Persistent link: https://www.econbiz.de/10008615272
evidence of considerable preference heterogeneity. We also show that the full capitalization of school quality into housing … literature, whereby increases in school quality also raises prices by attracting households with more education and income to the …
Persistent link: https://www.econbiz.de/10005558482
In a local economy, the citizens can react on local policy by exit. Exit induces a shift in the housing demand. The local policy may thus capitalize into the housing prices. However, the citizens encounter specific coordination problems on the housing market. Therefore, it may be asked how...
Persistent link: https://www.econbiz.de/10005790202