A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Hedonic Indices as a Measure of Housing Quality
The paper develops an important summary measure of housing based on hedonic indices. The analysis of changes in housing is a central issue in the Housing Allowance Demand Experiment. The paper assesses alternative measures of housing and proposes a general measure of housing based on estimated hedonic indices for use in later analysis. There is, however, no generally agreed upon measure of housing and housing quality. Hedonic indices relate rent to measures of housing characteristics and thus provide a way of aggregating the many characteristics into an overall index of quality.
Hedonic Indices as a Measure of Housing Quality
The paper develops an important summary measure of housing based on hedonic indices. The analysis of changes in housing is a central issue in the Housing Allowance Demand Experiment. The paper assesses alternative measures of housing and proposes a general measure of housing based on estimated hedonic indices for use in later analysis. There is, however, no generally agreed upon measure of housing and housing quality. Hedonic indices relate rent to measures of housing characteristics and thus provide a way of aggregating the many characteristics into an overall index of quality.
Hedonic Indices as a Measure of Housing Quality
S. R. Merrill (author)
1980
331 pages
Report
No indication
English
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