Using Hedonic Indexes to Measure Supply Response to Housing Allowances

by C. Lance Barnett


Download eBook for Free

FormatFile SizeNotes
PDF file 3.8 MB

Use Adobe Acrobat Reader version 10 or higher for the best experience.


Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback90 pages $30.00 $24.00 20% Web Discount

Hedonic indexing of housing services is one way the Housing Assistance Supply Experiment will measure the price elasticity of supply in local housing markets affected by a full-scale housing allowance program. The linear form recommended for the index agrees with well-known theories of market behavior. Certain rules governing the choice of attributes are inferred from the theory. It is also shown how the price elasticity of supply will be estimated using Paasche and Laspeyres indexes of changes in the price and quantity of housing service.

This report is part of the RAND Corporation Note series. The note was a product of the RAND Corporation from 1979 to 1993 that reported other outputs of sponsored research for general distribution.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.