A New Approach to Estimating the Production Function for Housing

Dating to the classic works of Alonso, Mills, and Muth, the production function for housing has played a central role in urban economics and local public finance. This paper provides a new flexible approach for estimating the housing production function which treats housing quantities and prices as...

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Veröffentlicht in:	The American economic review 2010-06, Vol.100 (3), p.905-924
Hauptverfasser:	Epple, Dennis, Gordon, Brett, Sieg, Holger
Format:	Artikel
Sprache:	eng
Schlagworte:	Consumer Price Index Consumption Dwelling value Economic models Economic theory Empirical research Estimation Households Housing Housing needs Housing prices Land economics Land use Partial differential equations Production estimates Production functions Profit per unit Public expenditure Public finance Studies Supply Traffic estimation U.S.A Urban areas Urban economics
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