Full Citation

Title: Estimating Housing Demand with an Application to Explaining Racial Segregation in Cities

Citation Type: Working Paper

Publication Year: 2003

ISBN:

ISSN:

DOI: 10.3386/w9891

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Abstract: We present a three-stage estimation procedure to recover willingness to pay for housing attributes. In the first stage, we estimate a non-parametric hedonic home price function. Second, we recover each consumer's taste parameters for product characteristics using first order conditions for utility maximization. Finally, we estimate the distribution of household tastes as a function of household demographics. As an application of our methods, we compare alternative explanations for why blacks choose to live in center cities while whites suburbanize.

Url: http://www.nber.org/papers/w9891.pdf

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Authors: Bajari, Patrick; Kahn, Matthew E

Series Title:

Publication Number: 9891

Institution: National Bureau of Economic Research

Pages:

Publisher Location: Cambridge, MA

Data Collections: IPUMS USA

Topics: Housing and Segregation, Other

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