IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Un modelo logit mixto de tenencia de vivienda en Canarias

  • RODRÍGUEZ HERNÁNDEZ, J.E.

    ()

    (Departamento de Economía Aplicada. Facultad de CC.EE. y Empresariales. Universidad de La Laguna.)

  • BARRIOS GARCÍA, J.A.

    ()

    (Departamento de Economía Aplicada. Facultad de CC.EE. y Empresariales. Universidad de La Laguna.)

En este trabajo, empleando datos de corte transversal procedentes de la Encuesta de Presupuestos Familiares 1990/91, desarrollamos un modelo que persigue explicar las decisiones que adoptan los individuos de las Islas Canarias en materia de tenencia de vivienda, considerándose esta bajo cuatro supuestos: propiedad en el mercado libre, propiedad en el mercado de protección oficial, alquiler en el mercado libre, y, alquiler en el mercado de protección oficial. Para ello se elabora en primer lugar un modelo de precios hedónicos que no permite obtener una estimación de la valoración subjetiva que realiza la población sobre las diferentes características de la vivienda. Basándonos en este, procedemos a la estimación de un modelo logit mixto que aproxima las variables fundamentales que determinan la elección del régimen de tenencia. Los resultados obtenidos permiten superar los supuestos simplificadores propios de la familia de modelos logit más ampliamente utilizados hasta el momento en la modelización de la elección de tenencia de vivienda, el logit multinomial y anidado, y que se corresponden con las hipótesis de independencia de alternativas irrelevantes y homoscedasticidad. In this paper, using cross sectional data from the Encuesta de Presupuestos Familiares 1990/91, we develop a model that seeks to explain the individual decisions in housing tenure choice at the Canary Islands, being considered this one under four types: homeownership in the free-market, homeownership in the subsidised housing market, rent in the free-market, and, rent in the subsidised housing market. With this aim, we first elaborate a hedonic price model that allows us to obtain an estimation of the subjective valuation carried by the people on the different housing characteristics. After that, we proceed to estimate a mixed logit model to approximate the fundamental variables that determine the housing tenure choice. The results obtained permit us to overcome the simplifying assumptions underlying the family of logit models most widely utilized nowadays in the modelization of housing tenure choice, these are the multinomial and nested logit, in particular, the independence of irrelevant alternatives and the homoscedasticity hypotheses.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.revista-eea.net
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.

Volume (Year): 21 (2003)
Issue (Month): (Abril)
Pages: 173-191

as
in new window

Handle: RePEc:lrk:eeaart:21_1_1
Contact details of provider: Postal: Beatriz Rodríguez Prado. Facultad de CC.EE. y EE. Avda. Valle del Esgueva. Valladolid 47011 SPAIN
Phone: (34) 983 423320
Fax: (34) 983 184568
Web page: http://www.revista-eea.net

More information through EDIRC

Order Information: Web: http://www.revista-eea.net Email:


References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Brownstone, David & Train, Kenneth, 1999. "Forecasting new product penetration with flexible substitution patterns," University of California Transportation Center, Working Papers qt3tb6j874, University of California Transportation Center.
  2. H C W L Williams, 1977. "On the formation of travel demand models and economic evaluation measures of user benefit," Environment and Planning A, Pion Ltd, London, vol. 9(3), pages 285-344, March.
  3. Borsch-Supan, Axel & Pollakowski, Henry O., 1990. "Estimating housing consumption adjustments from panel data," Journal of Urban Economics, Elsevier, vol. 27(2), pages 131-150, March.
  4. Mervyn A. King, 1980. "An econometric model of tenure choice and demand for housing as a joint decision," NBER Chapters, in: Econometric Studies in Public Finance, pages 137-159 National Bureau of Economic Research, Inc.
  5. Bourassa Steven C., 1995. "A Model of Housing Tenure Choice in Australia," Journal of Urban Economics, Elsevier, vol. 37(2), pages 161-175, March.
  6. King, Mervyn A., 1980. "An econometric model of tenure choice and demand for housing as a joint decision," Journal of Public Economics, Elsevier, vol. 14(2), pages 137-159, October.
  7. Haurin Donald R. & Hendershott Patric H. & Kim Dongwook, 1994. "Housing Decisions of American Youth," Journal of Urban Economics, Elsevier, vol. 35(1), pages 28-45, January.
  8. David Hensher, 2001. "The valuation of commuter travel time savings for car drivers: evaluating alternative model specifications," Transportation, Springer, vol. 28(2), pages 101-118, May.
  9. Vassilis A. Hajivassiliou & Paul A. Ruud, 1993. "Classical Estimation Methods for LDV Models Using Simulation," Cowles Foundation Discussion Papers 1051, Cowles Foundation for Research in Economics, Yale University.
  10. Daniel McFadden & Kenneth Train, 2000. "Mixed MNL models for discrete response," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(5), pages 447-470.
  11. Lee, Lung-Fei & Trost, Robert P., 1978. "Estimation of some limited dependent variable models with application to housing demand," Journal of Econometrics, Elsevier, vol. 8(3), pages 357-382, December.
  12. Kenneth Train, 2003. "Discrete Choice Methods with Simulation," Online economics textbooks, SUNY-Oswego, Department of Economics, number emetr2.
  13. Henderson, J Vernon & Ioannides, Yannis M, 1983. "A Model of Housing Tenure Choice," American Economic Review, American Economic Association, vol. 73(1), pages 98-113, March.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:lrk:eeaart:21_1_1. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Beatriz Rodríguez Prado)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.