Identification and Semiparametric Estimation of Equilibrium Models of Local Jurisdictions
构建了一个家庭在居住社区间选址的新模型,在不假设偏好分布形式下证明了模型的部分可识别性,并据此提出半参数估计方法。对匹兹堡大都市区的实证分析发现,有孩家庭的分层比无孩家庭更明显。
We develop a new model of household sorting in a system of residential neighborhoods. We show that this model is partially identified without imposing parametric restrictions on the distribution of unobserved tastes for neighborhood quality and the shape of the indirect utility function. The proof of identification is constructive and can be used to derive a new semiparameteric estimator. Our empirical application focuses on residential choices in the Pittsburgh metropolitan area. We find that sorting of households with children exhibit more stratification by income than sorting of households without children.