An Intertemporal Model Of Housing Demand
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An Intertemporal Model Of Housing Demand
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Author : David Edwin Harrington
language : en
Publisher:
Release Date : 1984
An Intertemporal Model Of Housing Demand written by David Edwin Harrington and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with City planning categories.
Housing Demand
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Author : Gregory Michael Schwann
language : en
Publisher:
Release Date : 1987
Housing Demand written by Gregory Michael Schwann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Housing categories.
A Dynamic Model Of Housing Demand
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Author :
language : en
Publisher:
Release Date : 2010
A Dynamic Model Of Housing Demand written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Housing categories.
Abstract: Using data from the Panel Study of Income Dynamics (PSID) we specify, estimate and simulate a dynamic structural model of housing demand. Our model generalizes previous applied econometric work by incorporating realistic features of the housing market including non-convex adjustment costs from buying and selling a home, credit constraints from minimum downpayment requirements and uncertainty about the evolution of incomes and home prices. We argue that these features are critical for capturing salient features of housing demand observed in the PSID. After estimating the model we use it to simulate how consumer behavior responds to house price and income declines as well as tightening credit. These experiments are motivated by the U.S. recession starting in December of 2007 that saw large falls in home prices, large negative income shocks for many households and tightening credit standards. In the short run, relatively few households adjust their housing stock. Households respond instead by reducing non-housing consumption and reducing wealth because they wish to avoid losing their home and the associated adjustment costs. Households that adjust in the short run are those hit with a series of bad shocks, such as a negative income shock and a home price decline. A larger proportion of households do adjust their consumption in the long run, increasing their housing stock since housing is less expensive. However, such changes may occur several years after the shocks listed above
Choice And Allocation Models For The Housing Market
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Author : J. Rouwendal
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Choice And Allocation Models For The Housing Market written by J. Rouwendal and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
It is generally agreed that food, clothing and shelter are the three basic material needs of all people. A simple test for the successfulness of any economic system may therefore be the extent to which it succeeds in providing the population with these commodities. One would conjecture that in the countries that are generally considered as highly developed there would be no problems at all with their availability. And although this conjecture is to a large extent, confirmed by the evidence, it is nevertheless surprising that in western economies with the high per capita incomes housing is still an important object for public concern. Food and clothing are abundantly available in these countries, but the provision of housing is often an object of serious policy concern. To mention one striking example : in the Netherlands there still exist official figures that mention housing shortages of ten thousends of dwellings. This state of affairs is not mentioned here to motivate an exaggerated view on housing problems in Western countries. The situation in the Netherlands and comparable countries is indeed much better than that in underdeveloped countries and a comparison with developing countries would presumably show figures which are comparable to those for food or clothing. The point I want to make is that even in highly developed market economies where the availability of food and clothing is quite satisfactory, the availability of dwellings often is not.
The Maze Of Urban Housing Markets
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Author : Jerome Rothenberg
language : en
Publisher: University of Chicago Press
Release Date : 1991-11-15
The Maze Of Urban Housing Markets written by Jerome Rothenberg and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-11-15 with Business & Economics categories.
This powerful new theoretical approach to analyzing urban housing problems and the policies designed to rectify them will be a vital resource for urban planners, developers, policymakers, and economists. The search for the roots of serious urban housing problems such as homelessness, abandonment, rent burdens, slums, and gentrification has traditionally focused on the poorest sector of the housing market. The findings set forth in this volume show that the roots of such problems lie in the relationships among different parts of the market—not solely within the lower-quality portion—though that is where problems are most dramatically manifested and housing reforms are myopically focused. The authors propose a new understanding of the market structure characterized by a closely interrelated array of quality submarkets. Their comprehensive models ground a unified theory that accounts for demand by both renters and owner occupants, supply by owners of existing dwellings, changes in the stock of housing due to conversions and new construction, and interactions across submarkets.
A Simulation Model Of Consumer Spending And Housing Demand
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Author : Peter F. Westaway
language : en
Publisher:
Release Date : 1992
A Simulation Model Of Consumer Spending And Housing Demand written by Peter F. Westaway and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Consumption (Economics) categories.
Intertemporal Pricing Strategi
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Author : Ai-Kheng Jasmine Ng
language : en
Publisher: Open Dissertation Press
Release Date : 2017-01-27
Intertemporal Pricing Strategi written by Ai-Kheng Jasmine Ng and has been published by Open Dissertation Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-27 with Technology & Engineering categories.
This dissertation, "Intertemporal Pricing Strategies: a Study of the Primary Private Housing Market of Hong Kong" by Ai-kheng, Jasmine, Ng, 黃愛琴, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. DOI: 10.5353/th_b3124078 Subjects: Housing - Prices - Econometric models - China - Hong Kong
Handbook Of Regional And Urban Economics
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Author : Peter Nijkamp
language : en
Publisher: Elsevier
Release Date : 1986
Handbook Of Regional And Urban Economics written by Peter Nijkamp and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Business & Economics categories.
Fifteen essays in this handbook are divided into four parts. Part I surveys basic spatial and spatially related research; Part II surveys literature on specific urban markets; Part III is devoted to studies of urban development and problems in developing countries.; Part IV contains papers on specific urban problems and sectors.
Taxation Housing Markets And The Markets For Building Land
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Author : Bernd Gutting
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Taxation Housing Markets And The Markets For Building Land written by Bernd Gutting and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Almost everywhere in the world housing policies play an important role in government programs. Especially in the industrialized Western economies housing policy issues are triggered mainly by two developments: growing population density and increasing environmental pollution enforce a systematic planning of regional and urban development; all social groups want to participate in the increasing welfare of the domestic economies; until today housing policy is considered an appropriate tool for redistribution and social policy. Taxation serves as an important instrument for the realization of the political objectives mentioned above. Surprisingly, there exists wide-spread consent (even on the academic side) on the effectivity of this instrument. However, strictly speaking this consent concerns only the short run. Long-term effects are usually ignored. Therefore, there is always the inherent risk in these policies that (supposed) market inefficiencies will not be cured, but merely carried forward, and possibly amplified. Moreover, it is characteristic for the political discussion that there is no consistent notion of what efficient housing and land markets ought to look like. Generally accepted for example, is the position that land speculation should be fought whereever possible. Hardly anyone asks the question whether the holding of building land will be beneficial to the economy as a whole, and not only to the speculant.
Handbook Of Regional And
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Author : Peter Nijkamp
language : en
Publisher: Elsevier
Release Date : 1986
Handbook Of Regional And written by Peter Nijkamp and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Business & Economics categories.
This second volume of the Handbook presents professional surveys of all the important topics in urban economics. The first section contains 6 surveys on locational analysis, the second, 5 surveys of specific urban markets, and the third part presents 5 surveys of government policy issues. The book brings together exhaustive research by distinguished scholars from many countries. It is the only complete survey volume of urban economics and should serve as a reference volume to scholars and graduate students for many years. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes