Corpus ID: 15125109

Addressing Endogeneity in Residential Location Models by Cristian

@inproceedings{Guevara2014AddressingEI,
  title={Addressing Endogeneity in Residential Location Models by Cristian},
  author={Angelo Guevara and Ingeniero},
  year={2014}
}
Some empirical residential location choice models have reported dwelling-unit price estimated parameters that are small, not statistically significant, or even positive. This would imply that households are non-sensitive to changes in dwelling unit prices or location taxes, which is not only against intuition, but also makes the models useless for policy analysis. One explanation for this result is price endogeneity, which means that the price is correlated with the error term in the… Expand

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