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

Citation Type: Journal Article

Publication Year: 2005

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Abstract: We present a three-stage, nonparametric estimation procedure to recover willingness to pay for housing attributes. In the first stage we estimate a nonparametric hedonic home price function. In the second stage we recover each consumer's taste parameters for product characteristics using first-order conditions for utility maximization. Finally, in the third stage 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.

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Authors: Bajari, Patrick; Kahn, Matthew E.

Periodical (Full): Journal of Business and Economic Statistics

Issue: 1

Volume: 23

Pages: 20-33

Data Collections: IPUMS USA

Topics: Housing and Segregation, Labor Force and Occupational Structure, Migration and Immigration, Race and Ethnicity

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