To Sleep, Perchance to Dream: Prices for Funeral Homes in US States
				Canofari PaoloMarini  GiancarloScaramozzino Pasquale			
		
				CEIS Research Paper
		
				The need for a proper burial is widely felt. This paper makes use of an original data set to explore the relationship between the prices of cemetery plots and the prices of housing. It considers a simple model where the services from both real estate and funeral homes enter individuals’ utility function, and derives testable propositions in order to analyse the relation between housing when alive and after death. The services from funeral homes and from conventional housing are complements in the households’ utility. On the other hand, the services from funeral homes are an inferior good: a lower personal income is associated with higher grave prices.
		
				
		
	Number: 260
		
				Keywords: Funerary Homes, Housing Prices 
		
				JEL codes: L85,R81,Z13
		
				Volume: 11
		
				Issue: 2
		
				Date: Friday, January 11, 2013
		
				Revision Date: Friday, January 11, 2013