The political economy of housing prices: Hedonic pricing with regression discontinuity

Eddie D.W. Sue and Wei-Kang Wong ()

Journal of Housing Economics, 2010, vol. 19, issue 2, 133-144

Abstract: This paper uses hedonic pricing to empirically estimate the value of publicly provided local goods and services in the constituencies of the ruling party relative to those of the opposition parties. To improve control for omitted variables that change smoothly over space, we use a regression discontinuity design to restrict the sample to houses that are near the electoral boundaries. Using resale market prices of public flats in Singapore, in some cases we find a moderate but highly statistically significant difference in housing prices across the electoral boundaries that separate the constituencies of the ruling party and the opposition parties.

Keywords: Hedonic; pricing; Regression; discontinuity; Political; economy; Publicly; provided; local; goods; and; services (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jhouse:v:19:y:2010:i:2:p:133-144

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