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Residential Attachment and Housing Demand

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  • Mark Dynarski

    (Department of Economics, University of California, Davis, California)

Abstract

In this paper a model of housing demand behavior is proposed, in which both monetary and non-monetary adjustment costs (termed 'attachment') are allowed to affect demand levels. An empirical implication of the model is that the individual variance around the housing demand curve is likely to increase directly with total adjustment costs. A cross-section housing demand curve is estimated, with the variance specified as a linear function of variables thought to be correlated with total adjustment costs. The results provide qualified support for the assertion that adjustment costs influence housing demand behavior in the manner suggested by the theoretical model.

Suggested Citation

  • Mark Dynarski, 1986. "Residential Attachment and Housing Demand," Urban Studies, Urban Studies Journal Limited, vol. 23(1), pages 11-20, February.
    • Handle: RePEc:sae:urbstu:v:23:y:1986:i:1:p:11-20
    DOI: 10.1080/00420988620080021
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    References listed on IDEAS

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    1. Grether, D. M. & Mieszkowski, Peter, 1974. "Determinants of real estate values," Journal of Urban Economics, Elsevier, vol. 1(2), pages 127-145, April.
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    Cited by:

    1. Robert Kaestner & Wendy Fleischer, 1992. "Income inequality as an indicator of discrimination in housing markets," The Review of Black Political Economy, Springer;National Economic Association, vol. 21(2), pages 55-80, December.
    2. Quigley, John M., 2002. "Transactions Costs and Housing Markets," Berkeley Program on Housing and Urban Policy, Working Paper Series qt6pz8p6zt, Berkeley Program on Housing and Urban Policy.

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