HEDONIC PRICES, IDENTIFICATION, AND THE DEMAND FOR PUBLIC SAFETY*
作者:
David E. Clark,
James C. Cosgrove,
期刊:
Journal of Regional Science
(WILEY Available online 1990)
卷期:
Volume 30,
issue 1
页码: 105-121
ISSN:0022-4146
年代: 1990
DOI:10.1111/j.1467-9787.1990.tb00083.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
ABSTRACTIn this paper, we use a two‐stage intercity hedonic model to estimate household demand for public safety. This approach is shown to readily address the identification problem inherent in the hedonic model. Data from the 1980 Public Use Microdata Sample are used to estimate a willingness‐to‐pay function for the public‐safety good. Income is found to be the primary determinant of willingness to pay. Indeed, the influence of income outweighs the combined impact of family life‐cycle consi
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