Housing in consumer’s theory
AbstractThis article aims to deepen the knowledge on consumer choices from the microeco-nomic perspective so as to better understand the behaviour of home buyers and its impact on the housing market. First, we provide an analysis of housing understood as a consumer and investment good. We then discuss its market value and cost. This analysis helps to better understand the housing choices of consumers. Finally, we take a detailed look at the choice of housing as a heterogeneous good. Taking into account the conclusions derived from the above points, we demonstrate the complex choice of the housing demand structure in the form of savings and consumption.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 52365.
Date of creation: 2013
Date of revision:
housing demand; heterogeneous goods; housing consumption and investment;
Find related papers by JEL classification:
- D0 - Microeconomics - - General
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
- R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
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