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Methodologies for Estimating Housing Subsidy Benefits

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  • Michael P. Murray

    (University of Virginia, Charlottesville)

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.

Suggested Citation

  • Michael P. Murray, 1978. "Methodologies for Estimating Housing Subsidy Benefits," Public Finance Review, , vol. 6(2), pages 161-192, April.
    • Handle: RePEc:sae:pubfin:v:6:y:1978:i:2:p:161-192
    DOI: 10.1177/109114217800600202
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    References listed on IDEAS

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    1. Christensen, Laurits R & Jorgenson, Dale W & Lau, Lawrence J, 1975. "Transcendental Logarithmic Utility Functions," American Economic Review, American Economic Association, vol. 65(3), pages 367-383, June.
    2. Michael P. Murray, 1976. "Hicks, Marshall, and Points Off the Demand Curve," Public Finance Review, , vol. 4(4), pages 493-500, October.
    3. Muellbauer, John, 1974. "Household Production Theory, Quality, and the "Hedonic Technique."," American Economic Review, American Economic Association, vol. 64(6), pages 977-994, December.
    4. Hause, John C, 1975. "The Theory of Welfare Cost Measurement," Journal of Political Economy, University of Chicago Press, vol. 83(6), pages 1145-1182, December.
    5. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74(2), pages 132-132.
    6. Straszheim, Mahlon R, 1973. "Estimation of the Demand for Urban Housing Services from Household Interview Data," The Review of Economics and Statistics, MIT Press, vol. 55(1), pages 1-8, February.
    7. Silberberg, Eugene, 1972. "Duality and the Many Consumer's Surpluses," American Economic Review, American Economic Association, vol. 62(5), pages 942-952, December.
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    Cited by:

    1. Brian A. Cromwell, 1990. "Prointegrative subsidies and their effect on housing markets: do race- based loans work?," Working Papers (Old Series) 9018, Federal Reserve Bank of Cleveland.
    2. Rodger Campos & Joaquim Guilhoto, 2016. "The socioeconomic impacts of low income housing programs in São Paulo state, Brazil," ERSA conference papers ersa16p700, European Regional Science Association.
    3. Lok Sang Ho, 1988. "Towards an Optimal Public Housing Policy," Urban Studies, Urban Studies Journal Limited, vol. 25(3), pages 204-211, June.
    4. Rodger Barros Antunes Campos, 2016. "The Socioeconomic Impacts of Low Income Housing Programs in São Paulo State, Brazil," Working Papers, Department of Economics 2016_21, University of São Paulo (FEA-USP).

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