The Value of Legal Housing Titles: An Empirical Study

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2004 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Fabio Méndez;

doi: 10.2139/ssrn.590732 , 10.1016/j.jhe.2006.08.002

The Value of Legal Housing Titles: An Empirical Study

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Abstract

This paper estimates the value of legal housing titles using a Costa Rican urban housing survey conducted in 1997. The general results obtained regarding the value of legal titles to the average individual are consistent with past estimations found in the literature, but the implications for policy are new; as some groups are shown to value legal titles more than others. The criterion used to create these groups was inspired by the theoretical guidelines provided by past literature and could be easily reproduced by policy makers who may wish to target these types of individuals

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University of Arkansas at Fayetteville
United States

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