Neighborhood effects and housing

Handbook of Social Economics

Volumn 1, Issue 1 B, 2011, Pages 1281-1340

  Ioannides, Yannis M ^a  

^a TUFTS UNIVERSITY   (United States)

Author keywords

Endogenous social interactions; Hedonics; Housing; Neighborhood choice; Neighborhood effects; Urban spatial structure

Indexed keywords

EID: 82355188888     PISSN: 15706435     EISSN: None     Source Type: Book Series    
DOI: 10.1016/B978-0-444-53707-2.00008-6     Document Type: Chapter

References (79)

1. Alonso, W., 1964. Location and Land Use: Toward a General Theory of Land Rent. Harvard University Press, Cambridge, MA.
2. Anas, A., 1990. Taste Heterogeneity and Urban Spatial Structure: the Logit Model and Monocentric Theory Reconciled. J. Urban Econ. 28 (3), 318-335.
3. Anas, A., Feng, C.M., 1988. Invariance of Expected Utilities in Logit Models. Econ. Lett. 27, 41-45.
4. Anderson, S.P., de Palma, A., Thisse, J.-F., 1992. Discrete Choice Theory of Product Differentiation. MIT Press, Cambridge, MA.
5. Angrist, J.D., Pischke, J.S., 2009. Mostly Harmless Econometrics: An Empiricist's Companion. Princeton University Press, Princeton, NJ.
6. Bayer, P., Ross, S.L., 2009. Identifying Individual and Group Effects in the Presence of Sorting: A Neighborhood Effects Application. NBER working paper No. 12111.
7. Bayer, P., McMillan, R., Rueben, K., 2005. An Equilibrium Model of Sorting in an Urban Housing Market. NBER working paper No. 10865.
8. Bayer, P., Timmins, C., 2005. On the Equilibrium Properties of Locational Sorting Models. J. Urban Econ. 57 (3), 462-477.
9. Bayer, P., Timmins, C., 2007. Estimating Equilibrium Models of Sorting Across Locations. Economic Journal 117, 353-374.
10. Bayer, P., McMillan, R., Rueben, K., 2004a. Residential Segregation in General Equilibrium. working paper, Yale University, March.
11. Bayer, P., McMillan, R., Rueben, K., 2004b. What Drives Racial Segregation? New Evidence Using Census Microdata. J. Urban Econ. 56, 514-535.
12. Bayer, P., Ferreira, F.V., McMillan, R., 2007a. A Unified Framework for Measuring Preferences for Schools and Neighborhoods. J. Polit. Econ. 115 (4), 588-638.
13. Bayer, P., Ferreira, F.V., McMillan, R., 2007b. Tiebout Sorting, Social Multipliers and the Demand for School Quality. NBER working paper No. 10871.
14. Bayer, P., Ross, S.L., Topa, G., 2008. Place of Work and Place of Residence: Informal Hiring Networks and Labor Market Outcomes. J. Polit. Econ. 116 (6), 1150-1196.
15. Bayer, P., McMillan, R., Rueben, K., 2009. An Equilibrium Model of Sorting in an Urban Housing Market. NBER working paper No. 10865.
16. Becker, G.S., Murphy, K.M., 2000. Segregation and Integration in Neighborhoods. In: Becker, G.S., Murphy, K.M. (Eds.), Social Economics. Harvard University Press, Cambridge, MA.
17. Benabou, R., 1993. Workings of a City: Location, Education, and Production. Q. J. Econ. 108 (3), 619-652.
18. Benabou, R., 1996a. Equity and Efficiency in Human Capital Investment: The Local Connection. Rev. Econ. Stud. 63 (2), 237-264.
19. Benabou, R., 1996b. Heterogeneity, Classification, and Growth: Macroeconomic Implications of Community Structure and School Finance. Am. Econ. Rev. 86 (3), 584-609.
20. Berry, S.T., 1994. Estimating Discrete-Choice Models of Product Differentiation. RAND J. Econ. 25 (2), 242-262.
21. Berry, S.T., Levinsohn, J., Pakes, A., 1995. Automobile Prices in Market Equilibrium. Econometrica 63 (4), 841-890.
22. Berry, S.T., Levinsohn, J., Pakes, A., 2004. Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market. J. Polit. Econ. 112 (1), 68-105.
23. Bierlaire, M., Bolduc, D., McFadden, D., 2003. Characteristics of Generalized Extreme Value Distributions. Technical report, Econometrics Laboratory, University of California, Berkeley.
24. Bisin, A., Moro, A., Topa, G., 2009. The Empirical Content of Models with Multiple Equilibria in Economies with Social Interactions. New York University, mimeo, September.
25. Blackley, P., Ondrich, J., 1988. A Limiting Joint-Choice Model with Discrete and Continuous Housing Characteristics. Rev. Econ. Stat. 70, 266-274.
26. Black, S., 1999. Do Better Schools Matter? Parental Valuation of Elementary Education. Q. J. Econ. 114 (2), 577-599.
27. Blume, L.E., Brock, W.A., Durlauf, S.N., Ioannides, Y.M., 2010. Identification of Social Interactions. In: This Handbook.
28. Brock, W.A., Durlauf, S.N., 2001. Interactions-Based Models. In: Heckman, J.J., Leamer, E. (Eds.), Handbook of Econometrics. 5, North-Holland, Amsterdam.
29. Brock, W.A., Durlauf, S.N., 2002. A Multinomial Choice Model of Neighborhood Effects. Am. Econ. Rev. 92, 298-303.
30. Brock, W.A., Durlauf, S.N., 2007. Identification of Binary Choice Models with Social Interactions. J. Econom. 140, 52-75.
31. Brooks-Gunn, J., Duncan, G., Klebanov, P., Sealand, N., 1993. Do Neighborhoods Affect Child and Adolescent Development? Am. J. Sociol. 99 (2), 353-395.
32. Brueckner, J.K., Thisse, J.-F., Zenou, Y., 1999. Why Is Central Paris Rich and Downtown Detroit Poor? An Amenity-Based Theory. Eur. Econ. Rev. 43, 91-107.
33. Calabrese, S., Epple, D., Romer, T., Sieg, H., 2006. Local Public Good Provision: Voting, Peer Effects, and Mobility. J. Public Econ. 90, 959-981.
34. Dougherty, P.J., 2002. Who Is Afraid of Adam Smith? How The Market Got its Soul!. John Wiley and Sons, New York.
35. Dubin, J.A., McFadden, D.L., 1984. An Econometric Analysis of Residential Electrical Appliance Holdings and Consumption. Econometrica 52, 345-362.
36. Durlauf, S.N., 1996a. A Theory of Persistent Income Inequality. J. Econ. Growth 1 (1), 75-93.
37. Durlauf, S.N., 1996b. Neighborhood Feedbacks, Endogenous Stratification, and Income Inequality. In: Barnett, W. et al., (Ed.), Dynamic Disequilibrium Modelling. Cambridge University Press, Cambridge.
38. Durlauf, S.N., 2004. Neighborhood Effects. In: Henderson, J.V., Thisse, J.-F. (Eds.), Handbook of Regional and Urban Economics. 4, Cities and Geography, North-Holland, Amsterdam.
39. Durlauf, S.N., Ioannides, Y.M., 2010. Social Interactions. Ann. Rev. of Econ. September.
40. Ekeland, I., Heckman, J.J., Nesheim, L., 2004. Identification and Estimation of Hedonic Models. J. Polit. Econ. 112 (1), S60-S109.
41. Ellickson, B., 1971. Jurisdictional Fragmentation and Residential Choice. American Economic Review, Papers and Proceedings 61 (2), 334-339.
42. Ellickson, B., 1981. An Alternative Test of the Hedonic Theory of Housing Markets. J. Urban Econ. 9, 56-79.
43. Epple, D., Filimon, R., Romer, T., 1984. Equilibrium among Local Jurisdictions: Toward an Integrated Treatment of Voting and Residential Choices. J. Public Econ. 24 (3), 281-304.
44. Epple, D., Gordon, B., Sieg, H., 2010. A New Approach to Estimating the Production for Housing. Am. Econ. Rev. 100 (3), 905-924.
45. Epple, D., Peress, M., Sieg, H., 2010. Identification and Semi-Parametric Estimation of Equilibrium Models of Local Jurisdictions. Am. Econ. J. Microeconomics, forthcoming.
46. Epple, D., Platt, G.J., 1998. Equilibrium and Local Redistribution in an Urban Economy when Households Differ in Both Preferences and Incomes. J. Urban Econ. 43, 23-51.
47. Epple, D., Romano, R., 1998. Competition between Private and Public Schools and Peer Group Effects. Am. Econ. Rev. 88 (1), 33-62.
48. Epple, D., Romer, T., 1990. Mobility and Redistribution. J. Polit. Econ. 99 (4), 828-858.
49. Epple, D., Romer, T., Sieg, H., 2001. Interjurisdictional Sorting and Majority Rule: An Empirical Analysis. Econometrica 69 (6), 1437-1465.
50. Epple, D., Sieg, H., 1999. Estimating Equilibrium Models of Local Jurisdictions. J. Polit. Econ. 107, 645-681.
51. Fox, J.T., 2007. Semiparametric Estimation of Multinomial Discrete-Choice Models Using a Subset of Choices. RAND. J. Econ. 38 (4), 1002-1019.
52. Fujita, M., 1989. Urban Economic Theory: Land Use and City Size. Cambridge University Press, Cambridge.
53. Graham, B.S., 2009. Endogenous Neighborhood Selection, the Distribution of Income and the Identification of Neighborhood Effects. Department of Economics, New York University.
54. Hardman, A.M., Ioannides, Y.M., 2004. Neighbors' Income Distribution: Economic Segregation and Mixing in US. J. Hous. Econ. 13, 368-382.
55. Ioannides, Y.M., 2003. Empirical Nonlinearities and Neighborhood Effects in the Intergenerational Transmission of Human Capital. Appl. Econ. Lett. 10, 535-539.
56. Ioannides, Y.M., 2004. Neighborhood Income Distributions. J. Urban Econ. 56, 435-457.
57. Ioannides, Y.M., 2008. Full Solution of an Endogenous Sorting Model with Contextual and Income Effects. Working paper, Department of Economics, Tufts University, August.
58. Ioannides, Y.M., 2010. From Neighborhoods to Nations: The Economics of Social Interactions. In progress, February.
59. Ioannides, Y.M., Schmidheiny, K., 2006. Estimating Neighborhood Choice by Combining Individual and Neighborhood Data. Tufts University and Universitat Pompeu Fabra; presented at the North American Meeting of the Regional Science Association International, Toronto. November.
60. Ioannides, Y.M., Zabel, J.E., 2008. Interactions, Neighborhood Selection and Housing Demand. J. Urban Econ. 63, 229-252.
61. Jaïbi, M.R., ten Raa, T., 1998. An Asymptotic Foundation for Logit Models. Reg. Sci. Urban Econ. 28 (1), 75-90.
62. Kiel, K.A., Zabel, J.E., 2009. Location: The 3L Approach to House Price Determination. J. Hous. Econ. 17, 175-190.
63. Kremer, M., 1997. How Much Does Sorting Increase Inequality? Q. J. Econ. 112 (1), 115-139.
64. Lee, D.S., Lemieux, T., 2010. Regression Discontinuity Designs in Economics. J. Econ. Lit. forthcoming
65. Luttmer, E.F.P., 2005. Neighbors as Negatives: Relative Earnings and Well-Being. Q. J. Econ. 120 (3), 963-1002.
66. Manski, C.F., 1993. Identification of Endogenous Social Effects: The Reflection Problem. Rev. Econ. Stud. 60, 531-542.
67. Manski, C.F., 2000. Economic Analysis of Social Interactions. J. Econ. Perspect. 14 (3), 115-136.
68. McFadden, D.F., 1978. Modelling the Choice of Residential Location. In: Karlqvist, A., Lundqvist, L., Snickars, F., Weibull, J. (Eds.), Spatial Interaction Theory and Planning Models. North-Holland, Amsterdam.
69. Mills, E.C., 1967. An Aggregative Model of Resource Allocation in a Metropolitan Area. Am. Econ. Rev. 57 (2), 197-210.
70. Muth, R.F., 1969. Cities and Housing: The Spatial Pattern of Urban Residential Land Use. The University of Chicago Press, Chicago.
71. Nesheim, L., 2002. Equilibrium Sorting of Heterogeneous Consumers across Locations: Theory and Empirical Implications. CeMMAP working paper CWP08/02, University College, London. March.
72. Ogawa, H., Fujita, M., 1980. Equilibrium Land Use Patterns in a Non-monocentric City. J. Reg. Sci. 20, 455-475.
73. Ogawa, H., Fujita, M., 1989. Nonmonocentric Urban Configurations in a Two-Dimensional Space. Environ. Plan. A 363-374.
74. Quigley, J.M., 1985. Consumer Choice of Dwelling, Neighborhood and Public Services. Reg. Sci. Urban Econ. 15, 41-63.
75. Rosen, S., 1974. Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition. J. Polit. Econ. 82, 34-55.
76. Rosen, S., 2002. Markets and Diversity. Am. Econ. Rev. 92 (1), 1-15.
77. Samuelson, P.A., Swamy, S., 1974. Invariant Economic Index Numbers and Canonical Duality: Survey and Synthesis. Am. Econ. Rev. 64, 566-593.
78. Sieg, H., Smith, V.K., Banzhaf, H.S., Walsh, R., 2002. Interjurisdictional Housing Prices in Locational Equilibrium. J. Urban Econ. 52, 131-153.
79. Zabel, J.E., 2004. The Demand for Housing Services. J. Hous. Econ. 13 (1), 16-35.