Estimating Housing Demand With an Application to Explaining Racial Segregation in Cities
提出一个三阶段非参数估计方法，用于恢复住房属性的支付意愿，并应用该方法比较黑人和白人居住选址差异的几种解释。
We present a three-stage, nonparametric estimation procedure to recover willingness to pay for housing attributes. In the first stage we estimate a nonparametric hedonic home price function. In the second stage we recover each consumer's taste parameters for product characteristics using first-order conditions for utility maximization. Finally, in the third stage we estimate the distribution of household tastes as a function of household demographics. As an application of our methods, we compare alternative explanations for why blacks choose to live in center cities while whites suburbanize.