Using Hedonic Indexes to Measure Supply Response to Housing Allowances

by C. Lance Barnett

Download

Full Document

FormatFile SizeNotes
PDF file 3.8 MB

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

Purchase

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.

Permission is given to duplicate this electronic document for personal use only, as long as it is unaltered and complete. Copies may not be duplicated for commercial purposes. Unauthorized posting of RAND PDFs to a non-RAND Web site is prohibited. RAND PDFs are protected under copyright law. For information on reprint and linking permissions, please visit the RAND Permissions page.

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.