Methodologies for Estimating Housing Subsidy Benefits
- 1 April 1978
- journal article
- research article
- Published by SAGE Publications in Public Finance Quarterly
- Vol. 6 (2), 161-192
- https://doi.org/10.1177/109114217800600202
Abstract
The traditional subsidy program benefit measurement techniques for a composite commodity ("housing services") model are reviewed and extended for use in the increasingly popular hedonic price framework in which housing is decomposed into a vector of characteristics, Since recent work has suggested that observed hedonic prices may not reflect market phenomena, a generalized approach is suggested which uses housing characteristics but is free of hedonic prices.Keywords
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