Tenure Security Premium in Informal Housing Markets: A Spatial Hedonic Analysis
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- 作者：Shohei Nakamura
- 关键词：slums ; property rights ; spatial econometrics ; hedonic model ; South Asia ; India
- 刊名：World Development
- 出版年：2017
- 出版时间：January 2017
- 年：2017
- 卷：89
- 期：Complete
- 页码：184-198
- 全文大小：1421 K
文摘
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This study estimates slum residents’ marginal willingness to pay for formalized land tenure in Pune.
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In its hedonic approach, this study uses spatial econometrics models to deal with spatial effects.
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Estimated MWTP is worth 19% of the average rent in the Pune slums and higher in privately owned land.
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The willingness to pay varies depending on caste, duration of residence, and legal conditions.