Journal ArticleDOI
New Place-to-Place Housing Price Indexes for U.S. Metropolitan Areas, and Their Determinants
TLDR
This paper constructed new place-to-place indexes of the price of housing, using the 1990 Census, and analyzed the determinants of housing prices, with a particular focus on the supply side determinants, as well as the usual demand determinants.Abstract:
Housing prices vary widely from market to market in the United States. The purpose of this study is to (1) construct new place-to-place indexes of the price of housing, using the 1990 Census, and (2) analyze the determinants of housing prices, with a particular focus on the supply side determinants—regulatory and natural constraint—as well as the usual demand determinants.read more
Citations
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Journal ArticleDOI
The Composition of Hedonic Pricing Models
TL;DR: In this paper, a house is made up of many characteristics, all of which may affect its value, and Hedonic regression analysis is typically used to estimate the marginal contribution of these individual characteristic.
Journal ArticleDOI
The social and private micro-level consequences of homeownership
Robert D. Dietz,Donald R. Haurin +1 more
TL;DR: This article reviewed the literature that describes the micro-level economic and social consequences of homeownership and found that much of the past 30-year's literature on consequences of homeowning is deficient from a theoretical or econometric perspective.
The Effects of Different
TL;DR: This article used administrative data on nonelderly, nondisabled households that received U.S. Department of Housing and Urban Development rental assistance between 1995 and 2002 combined with data from other sources to estimate the effect of low-income housing programs on these households' labor earnings and employment.
Journal ArticleDOI
Regulation and the High Cost of Housing in California
John M. Quigley,Steven Raphael +1 more
TL;DR: In this article, the effect of regulations governing land use and residential construction upon the course of housing prices in California was analyzed using the Public Use Microdata Samples (PUMS) of the 1990 and 2000 Census of Population and Housing.
References
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Journal ArticleDOI
Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition
TL;DR: In this article, a theory of hedonic prices is formulated as a problem in the economics of spatial equilibrium in which the entire set of implicit prices guides both consumer and producer locational decisions in characteristics space.
Posted Content
The Interpretation of Dummy Variables in Semilogarithmic Equations
Journal ArticleDOI
Choice of functional form for hedonic price equations
TL;DR: In this paper, a statistical procedure for the choice of functional form for a hedonic price equation is proposed, and a highly general functional form is specified that yields all other functional forms of interest as special cases.
Journal ArticleDOI
The Estimation of Demand Parameters in Hedonic Price Models
TL;DR: In this article, the authors show that the problem of estimating hedonic demand parameters is not a standard identification problem caused by demand-supply interaction, as has been often assumed.