IMPLICIT MARKETS AND THE DEMAND FOR HOUSING CHARACTERISTICS

abstract

• Important methodological problems in applying Rosen's (1974) model of implicit markets to housing characteristics are inadequately addressed in the literature. This paper summarizes these methodological issues and discusses advantages and disadvantages of various means of coping with these problems in empirical applications. Structural housing characteristics demand estimates are presented, along with an assessment of their accuracy. The results generally are insensitive to specification choices, suggesting the findings are plausible. 1988.

authors

• Ohsfeldt, Robert

published proceedings

• REGIONAL SCIENCE AND URBAN ECONOMICS

altmetric score

• 1

author list (cited authors)

• OHSFELDT, R. L.

citation count

• 17

complete list of authors

• OHSFELDT, RL

publication date

• August 1988

publisher

• Elsevier  Publisher

published in

• Regional Science and Urban Economics  Journal

Digital Object Identifier (DOI)

• 10.1016/0166-0462(88)90012-9

start page

• 321

end page

• 343

volume

• 18

issue

• 3

URL

• http://dx.doi.org/10.1016/0166-0462(88)90012-9