Capitalization as a Two-Part Tariff: The Equilibrium Structure of Housing Prices
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Standard hedonic housing price regressions may be mis-specified. They impose that neighborhood amenities affect prices proportionately. In contrast, we suggest that amenities may be capitalized via a two-part tariff: an extensive margin ticket to enter a community and an intensive margin price per
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美国国家经济研究局创建时间：
2019-04-01
