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|
|Date of revision:|
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Web page: https://mpra.ub.uni-muenchen.de
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- Patrick Bajari & Phoebe Chan & Dirk Krueger & Daniel Miller, 2013.
"A Dynamic Model Of Housing Demand: Estimation And Policy Implications,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(2), pages 409-442, 05.
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