Neighborhood Effects and Housing Demand.Ioannides, Yannis Menelaos.
In this paper, we estimate a model of housing demand with neighborhood effects. We exploit special features of the National sample of the American Housing Survey and properties of housing markets that allow us to create "natural" instruments and therefore identify the impact of social interactions. We find evidence of both endogenous and contextual neighborhood effects. We report two alternative s... read more
- Tufts University. Department of Economics.
- Permanent URL
- Original publication
- Ioannides, Yannis M. and Jeffrey E. Zabel. 2003. "Neighborhood Effects and Housing Demand." Journal of Applied Econometrics 18: 563-584. doi: 10.1002/jae.740.