Economic Effects of Racial Integration: An Analysis of Hedonic Housing Prices and the Willingness to Pay
利用加州奥克兰的住房市场数据，估计享乐价格和支付意愿函数，发现恒定支付意愿假设可能低估种族融合的家庭经济效应，对融合政策有启示。
This study evaluates household economic effects stemming from neighborhood racial integration in Oakland, California. To that end, housing market data are applied to estimate hedonic price and willingness‐to‐pay functions for neighborhood racial composition. Results of the analysis indicate the problematic nature of the constant willingness‐to‐pay assumption and suggest this standard method may underestimate the household economic effects of racial integration. The paper concludes with implications for neighborhood integration policy.