Measuring the social value of local public goods: an Empirical Analysis within Paris Metropolitan Area

Michelangeli, Alessandra; Gravel, Nicolas; Trannoy, Alain

[journal article]

dc.contributor.author	Michelangeli, Alessandra	de
dc.contributor.author	Gravel, Nicolas	de
dc.contributor.author	Trannoy, Alain	de
dc.date.accessioned	2011-04-01T03:00:00Z	de
dc.date.accessioned	2012-08-30T04:48:18Z
dc.date.available	2012-08-30T04:48:18Z
dc.date.issued	2006	de
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/23907
dc.description.abstract	We use a non-linear hedonic model to estimate the implicit prices of 17 local public goods in a Paris suburban area on an original data set of some 8200 housing units. The results reveal a robust effect of local public school quality (measured both by the fraction of junior high school students that are at least 2 years behind grade level and the student/teacher ratio) on house prices. It is observed that housing owners' marginal willingness to pay for reducing commuting time is roughly similar for public transportation than for car transportation. Another noticeable result is the complete capitalization of local taxes at a discount rate of 3.5%. An illustration of the potential usefulness of the results for cost-benefit analysis is also provided.	en
dc.language	en	de
dc.title	Measuring the social value of local public goods: an Empirical Analysis within Paris Metropolitan Area	en
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Applied Economics	de
dc.source.volume	38	de
dc.source.issue	16	de
dc.identifier.urn	urn:nbn:de:0168-ssoar-239071	de
dc.date.modified	2012-08-09T12:25:00Z	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	en
ssoar.gesis.collection	SOLIS;ADIS	de
ssoar.contributor.institution	http://www.peerproject.eu/	de
internal.status	1	de
dc.type.stock	article	de
dc.type.document	journal article	en
dc.type.document	Zeitschriftenartikel	de
dc.rights.copyright	f	de
dc.source.pageinfo	1945-1961
internal.identifier.journal	21	de
internal.identifier.document	32
dc.identifier.doi	https://doi.org/10.1080/00036840500427213	de
dc.description.pubstatus	Postprint	en
dc.description.pubstatus	Postprint	de
internal.identifier.licence	7
internal.identifier.pubstatus	2
internal.identifier.review	1
internal.check.abstractlanguageharmonizer	CERTAIN
internal.check.languageharmonizer	CERTAIN_RETAINED

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