英文摘要
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One of the most important decisions for parents is to choose a better school for children of nine-year compulsory education, especially. In fact, jumping over the school districts is a universal phenomenon in Taipei city. Therefore, purchasing a ”star” public school district is a direct way to solve this problem. Ill this paper, we apply hedonic price method to estimate the marginal willingness-to-pay of the star public elementary and junior high school districts ill Taipei City using the data set of Real Estate Transaction from Land Department and Education Statistics from Education Department, Taipei City Government since 2000 to 2002. We find that entrance into the star public elementary and junior high schools has higher threshold and houses ill the star public school districts will cost more ill Taipei City indeed. Households are willing to pay significant premium price for houses located within star public school districts. Comparing with the general public school district, the marginal willingness-to-pay of both star public elementary and junior high school districts is NT$739.8 thousand (NT$22.4 thousand per ping). The star public elementary district only and the star public junior high school district only are NT$605.4 thousand and NT$261.0 thousand (NT$18.3 thousand per ping and NT$7.90 thousand per ping), respectively. In addition, if the house with star public elementary district or star public junior high school district, then the increment of purchasing the other additionally is NT$478.8 thousand and NT$134.4 thousand (NT$14.5 thousand per ping and NT$4.1 thousand per ping), respectively.
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