Munich Personal RePEc Archive

Precios hedónicos para valoración de atributos de viviendas sociales en la Región Metropolitana de Santiago

Quiroga, Bernardo F. (2005): Precios hedónicos para valoración de atributos de viviendas sociales en la Región Metropolitana de Santiago.

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Abstract

In this paper, an hedonic pricing model is used to measure non-market attribute valuation in Social Housing Programs in Santiago de Chile. Implicit marginal prices are calculated as first stage Rosen estimates for attributes such as distance to different services, number of rooms of each type, and availability of warm water and connection to the sewage network. Distance implicit prices were calculated as the difference between coefficients of dummy variables which measured different distance levels. Results reveal non-linearity in the value of distances. Also, the number of rooms (especially bathrooms), as well as access to warm water and sewage system were highly valued.

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