Public Housing and the Value of Apartment Quality to Households

Jos van Ommeren () and Marnix Koopman
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Marnix Koopman: Delft University of Technology, Delft

No 10-085/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This discussion paper led to a publication in 'Regional Science and Urban Economics' , 41(3), 207-13.

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 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.

Keywords: Public housing; quality (search for similar items in EconPapers)
JEL-codes: R21 (search for similar items in EconPapers)
Date: 2010-08-30
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Related works:
Journal Article: Public housing and the value of apartment quality to households (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20100085

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