Henry Pollakowski | Harvard University (original) (raw)
Research in urban and labor economics. Editor, Journal of Housing Economics
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Papers by Henry Pollakowski
Urban Studies, Jun 1, 1981
Introduction The abrupt shifts in energy prices that have occurred since the 1973 oil embargo hav... more Introduction The abrupt shifts in energy prices that have occurred since the 1973 oil embargo have presumably had major impacts on the markets for other goods . However, there has been very little theoretical or empirical research on the magnitude of these impacts. In this ...
Journal of Urban Economics, Jul 1, 1981
The appropriate functional form for a hedonic price equation cannot in general be specified on th... more The appropriate functional form for a hedonic price equation cannot in general be specified on theoretical grounds. In this paper, a statistical procedure for the choice of functional form is proposed. A highly general functional form is specified that yields all other functional forms of interest as special cases. Likelihood ratio tests are used to test the appropriateness of alternative forms. The procedure is illustrated using cross section microdata for housing. For the case considered, the functional forms most commonly used in previous studies are strongly rejected. 'Richard Anderson, Ernst Bemdt, Charles Manski, and anonymous referees provided helpful comments on earlier versions of this paper. We thank Andrew Criswell, Gerald Glandon and Jean Baker for computational assistance. We also thank William Moss for making available and facilitating the use of some of the data employed.
Real Estate Economics, Sep 1, 1991
While long-term returns to capital invested in owner-occupied housing have been competitive with ... more While long-term returns to capital invested in owner-occupied housing have been competitive with other investment alternatives, no evidence exists on the market performance of the owner-occupied housing in which low- and moderate-income households would be most likely to invest. This article thus attempts to answer the question of whether the "affordable housing units" that are relevant to policy discussions concerning
Urban Studies, Jun 1, 1981
Introduction The abrupt shifts in energy prices that have occurred since the 1973 oil embargo hav... more Introduction The abrupt shifts in energy prices that have occurred since the 1973 oil embargo have presumably had major impacts on the markets for other goods . However, there has been very little theoretical or empirical research on the magnitude of these impacts. In this ...
Journal of Urban Economics, Jul 1, 1981
The appropriate functional form for a hedonic price equation cannot in general be specified on th... more The appropriate functional form for a hedonic price equation cannot in general be specified on theoretical grounds. In this paper, a statistical procedure for the choice of functional form is proposed. A highly general functional form is specified that yields all other functional forms of interest as special cases. Likelihood ratio tests are used to test the appropriateness of alternative forms. The procedure is illustrated using cross section microdata for housing. For the case considered, the functional forms most commonly used in previous studies are strongly rejected. 'Richard Anderson, Ernst Bemdt, Charles Manski, and anonymous referees provided helpful comments on earlier versions of this paper. We thank Andrew Criswell, Gerald Glandon and Jean Baker for computational assistance. We also thank William Moss for making available and facilitating the use of some of the data employed.
Real Estate Economics, Sep 1, 1991
While long-term returns to capital invested in owner-occupied housing have been competitive with ... more While long-term returns to capital invested in owner-occupied housing have been competitive with other investment alternatives, no evidence exists on the market performance of the owner-occupied housing in which low- and moderate-income households would be most likely to invest. This article thus attempts to answer the question of whether the "affordable housing units" that are relevant to policy discussions concerning