Hedonic analysis of housing markets

Stephen Sheppard

300 citations0/0 files storedRePEc: Research Papers in Economics

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Housing Market and Economics Regional Economics and Spatial Analysis Economic and Environmental Valuation

Abstract

This chapter examines the hedonic analysis of housing markets. These techniques have been widely applied in studies of the demand for housing attributes and environmental amenities. The chapter discusses the theoretical foundation of such analysis, the use of hedonic estimates of demand for welfare analysis, the empirical difficulties that arise in such studies, and some of the methods for overcoming these difficulties. The chapter has been prepared for the forthcoming Handbook of Applied Urban Economics.

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