Housing in consumer’s theory
This 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.
|Date of creation:||2013|
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Web page: http://mpra.ub.uni-muenchen.de
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- Bajari, Patrick & Chan, Phoebe & Krueger, Dirk & Miller, Daniel, 2010.
"A Dynamic Model of Housing Demand: Estimation and Policy Implications,"
CEPR Discussion Papers
7911, C.E.P.R. Discussion Papers.
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