Identification and Semiparametric Estimation of Equilibrium Models of Local Jurisdictions

B-Tier
Journal: American Economic Journal: Microeconomics
Year: 2010
Volume: 2
Issue: 4
Pages: 195-220

Authors (3)

Dennis Epple (Carnegie Mellon University) Michael Peress (not in RePEc) Holger Sieg (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We develop a new model of household sorting in a system of residential neighborhoods. We show that this model is partially identified without imposing parametric restrictions on the distribution of unobserved tastes for neighborhood quality and the shape of the indirect utility function. The proof of identification is constructive and can be used to derive a new semiparameteric estimator. Our empirical application focuses on residential choices in the Pittsburgh metropolitan area. We find that sorting of households with children exhibit more stratification by income than sorting of households without children. (JEL C51, D12, H41, J12, R21, R23)

Technical Details

RePEc Handle
repec:aea:aejmic:v:2:y:2010:i:4:p:195-220
Journal Field
General
Author Count
3
Added to Database
2026-01-25