DO "CAPITALIZATION EFFECTS" FOR PUBLIC GOODS REVEAL THE PUBLIC'S WILLINGNESS TO PAY?
This article develops a welfare theoretic framework for interpreting evidence on the impacts of public programs on housing markets. We extend Rosen's hedonic model to explain how housing prices capitalize exogenous shocks to public goods and externalities. The model predicts that trading betwee...
| Veröffentlicht in: | International Economic Review. - Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association. - 55(2014), 4, Seite 1227-1250 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
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2014
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| Zugriff auf das übergeordnete Werk: | International Economic Review |
| Schlagworte: | Business Education Behavioral sciences Social sciences Law Economics Applied sciences Mathematics |
| Online verfügbar |
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