Economics at your fingertips  

Unlocking Amenities: Estimating Public-Good Complementarity

David Albouy (), Peter Christensen and Ignacio Sarmiento-Barbieri

No 25107, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Public goods may exhibit complementarities that are essential for determining their individual value. Our results indicate that improving safety near parks can turn them from public bads to goods. Ignoring complementarities may lead to i) undervaluing the potential value of public goods; ii) overestimating heterogeneity in preferences; and iii) understating the value of public goods to minority households. Recent reductions in crime have “unlocked” $5 billion in property value in Chicago, New York and Philadelphia. Still over half of the potential value of park proximity, over $10 billion, remains locked in.

JEL-codes: H41 Q51 Q56 R23 (search for similar items in EconPapers)
Date: 2018-09
New Economics Papers: this item is included in nep-ure
Note: EEE PE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Published as David Albouy & Peter Christensen & Ignacio Sarmiento-Barbieri, 2020. "Unlocking amenities: Estimating public good complementarity," Journal of Public Economics, vol 182.

Downloads: (external link) (application/pdf)

Related works:
Journal Article: Unlocking amenities: Estimating public good complementarity (2020) Downloads
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:

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

Page updated 2021-06-10
Handle: RePEc:nbr:nberwo:25107