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Housing Economics
- 1st Edition - May 12, 2014
- Author: George Fallis
- Language: English
- Paperback ISBN:9 7 8 - 1 - 4 8 3 1 - 7 6 7 5 - 8
- eBook ISBN:9 7 8 - 1 - 4 8 3 1 - 9 2 5 6 - 7
Housing Economics provides information pertinent to the fundamental aspects of housing economics. This book discusses the economic theory of how households make housing choices,… Read more
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Request a sales quoteHousing Economics provides information pertinent to the fundamental aspects of housing economics. This book discusses the economic theory of how households make housing choices, how suppliers make decisions, and how changes in exogenous variables alter the market outcome. Organized into 10 chapters, this book begins with an overview of the nature of housing economics and explains why the standard microeconomic models need to be modified. This text then examines the demand side of the housing market. Other chapters provide an economic analysis of the supply side of the housing market. This book discusses as well the housing market models as they arise in a more macroeconomic context. The final chapter deals with the effects of different housing programs on consumers, producers, and the market equilibrium. This book is a valuable resource for undergraduate students of economics. Planners, urban geographers, policy analysts, and civil servants will also find this book useful.
Acknowledgments1 Introduction Heterogeneity Durability Spatial Fixity Housing Starts Housing Conditions The Price of Housing Mortgages and the Mortgage Market2 The Demand for Housing Housing as a Standard Commodity Housing as a Heterogeneous Commodity Tenure Choice Housing in a Spatial Context3 The Supply of Housing Housing as a Standard Commodity: Long-Run Supply The Investment Decision Durable Housing Stock: Short- and Medium-Run Supply Heterogeneous Housing Supply Supply in a Spatial Housing Market4 Models of the Housing Market Housing as a Standard Commodity Housing as a Heterogeneous Commodity: Hedonic Price Equations Filtering in Housing Markets A Spatial Housing Market5 Housing and Mortgage Markets in the National Economy Housing Starts and Fluctuations Housing Fluctuations and Macroeconomic Fluctuations Housing in a General Equilibrium Model The Mortgage Market Housing, Mortgage Markets, and Inflation6 The Economic Rationale for Housing Policy The Social Welfare Function Pareto Efficiency The Role for Government Public Choice Analysis7 Policies to Achieve Equity Income Distribution Merit Goods Direct Consumption Externalities (Donor Preferences) Other Equity Issues8 Policies to Achieve Pareto Efficiency Competitive Markets Externalities Uncertainty Stabilization of Fluctuations9 Housing Policy in Canada Federal Housing Policy Provincial Housing Policies10 The Effects of Policies Shelter Allowances Direct Mortgage Lending Public Housing Rent Controls Income TaxationNotesReferencesIndex
- No. of pages: 250
- Language: English
- Edition: 1
- Published: May 12, 2014
- Imprint: Butterworth-Heinemann
- Paperback ISBN: 9781483176758
- eBook ISBN: 9781483192567
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