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- W2972334764 abstract "We utilize government sanctioned school acquisitions in Beijing to estimate individuals' willingness to pay for good schools. The spatial and temporal variation in these acquisitions allows us to estimate a hedonic pricing model in the difference-in-difference framework. We find that, when a regular school is acquired by a good school, the average housing price in its designated catchment area increases by seven percent, relative to other regular schools that are not acquired. We also find heterogeneous price effects for different types of acquisitions. In particular, the price premium is larger for fully integrated acquisitions than for partially integrated ones, and larger for vertical acquisitions than for horizontal ones." @default.
- W2972334764 created "2019-09-19" @default.
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- W2972334764 date "2019-08-12" @default.
- W2972334764 modified "2023-09-27" @default.
- W2972334764 title "How Much are Good Schools Worth? Evidence from School Acquisitions in Beijing" @default.
- W2972334764 hasPublicationYear "2019" @default.
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