Public housing and the value of apartment quality to households

J.N. van Ommeren, M. Koopman

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

The application of hedonic price approaches to obtain estimates of the households' value of apartment characteristics is invalid for regulated housing markets such as public housing. We introduce and apply an alternative method that allows us to estimate the renters' marginal willingness to pay for apartment characteristics based on residential mobility. We focus on the households' marginal willingness to pay for quality of apartments. We find that, on average, households place a monetary value on quality which is close to the non-profit housing associations' costs of providing quality. © 2011 Elsevier B.V.
Original languageEnglish
Pages (from-to)207-213
JournalRegional Science and Urban Economics
Volume41
Issue number3
DOIs
Publication statusPublished - 2011

Fingerprint

Dive into the research topics of 'Public housing and the value of apartment quality to households'. Together they form a unique fingerprint.

Cite this