Urban housing markets : theory and policy

摘要: This chapter examines certain of the developments in application economic theory and empirical policy analysis with respect to housing markets general urban particular. The majority material refers US UK experience some English language contributions related other, mainly European, countries.The main thrust is clarify how particular attributes housing, especially those durability locational specificity, have been introduced into microeconomic models housing. On demand side concentrates on estimates price income elasticities results that arise from different mode specifications. supply there emphasis importance distinguishing factors determining new which affect investment existing stock. Overall market also divided applies as a whole very issues, particularly segmentation, dominate models.Turning clarifies approaches taken analysis, measurement evaluation Europe America detail examples concern, including versus administrative allocation, labour markets, impact local taxation rent control.