Do Gasoline Prices Affect Residential Property Values ?

ing from implausible tail estimates, we find that the 10 and 90 percentiles of the estimated elasticities are -0.08 and 0.18, respectively. This means that a ten percent increase in the price of gasoline is associated with a 17 These elasticities are 0.506 for tract 2962, 0.625 for tract 5609, and 1.085 for tract 2602. 18 Tract 2506 19 To illustrate, 27.55… CONTINUE READING