DRS. MUTH AND MILLS MEET DR. TIEBOUT: INTEGRATING LOCATION-SPECIFIC AMENITIES INTO MULTI-COMMUNITY EQUILIBRIUM MODELS
研究了如何将区位特定的便利设施(如就业中心距离、学校质量差异)纳入多社区均衡模型,并证明在特定条件下现有模型仍适用,利用匹兹堡大都市区数据验证了方法。
ABSTRACT We consider the problem of integrating spatial amenities into locational equilibrium models with multiple jurisdictions. We provide sufficient conditions under which models that assume a single housing price in each community continue to apply in the presence of location-specific amenities that vary both within and across communities. If these conditions are satisfied, the models, estimation methods, and results in Epple and Sieg (1999) are valid in the presence of (potentially unobserved) location-specific amenities. We also show how to construct sufficient statistics that capture location specific spatial heterogeneity. We apply these techniques using data from the Pittsburgh metropolitan area. We find that these amenity measures capture proximity to important local employment centers as well as heterogeneity in school quality within a given school district.