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Estimating Demand for Public Goods Using Two Stage Hedonic Price Model in Six Ohio Metropolitan Housing Markets
by
Gandhi R Bhattarai
Auburn University
Coauthors: Diane Hite, Auburn University; David M Brasington, Louisiana State University
A two-stage hedonic price and demand model was developed to estimate the willingness to pay for school quality, neighborhood safety and environmental quality in six Ohio metropolitan areas. Own price of demand ranges from inelastic for school quality to highly elastic for environmental quality and neighborhood safety. Environmental quality and neighborhood safety were found to be complementary to one another. However, school quality was found to be a substitute for both environmental quality and neighborhood safety.
Date received: October 11, 2005
Copyright © 2005 by the author(s). The author(s) of this document and the organizers of the conference have granted their consent to include this abstract in Atlas Conferences Inc. Document # carm-42.