Economics at your fingertips  

A Note on Hedonic Price Estimation of Urban Residential Services. A Case Study of Rawalpindi City

Jahan Manan
Additional contact information
Jahan Manan: Pakistan Institute of Development Economics.

The Pakistan Development Review, 1978, vol. 17, issue 4, 479-494

Abstract: A prerequisite for planning in the housing sector, be it urban renewal in slum areas or public provision of housing for the urban poor, is the availability of some indices of consumer preferences regarding the various housing services consumed by them. Such information facilitates decision-making as regards the size, and quality of dwellings which 'best' meet the needs of the urban poor. This study estimates the market prices (marginal valuations) of the various housing services consumed by urban households in Rawalpindi City. This is done by regressing rent/imputed rent of the residential units on the different characteristics embodied in the various units. The analysis indicates that the quantitative variable (number of rooms) explains a significant proportion of the variance in the dependent variable (rent/imputed rent). The qualitative variables (electricity, drinking water, garbage disposal and sanitary facilities, type of structure of house); when included in the model contribute significantly to the explained variance in the dependent variable. The analysis reveals (and 'quantities') consumer preference for housing services.

Date: 1978
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in The Pakistan Development Review from Pakistan Institute of Development Economics Contact information at EDIRC.
Series data maintained by Khurram Iqbal ().

Page updated 2017-09-29
Handle: RePEc:pid:journl:v:17:y:1978:i:4:p:479-494