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Real Estate Market Policy and Household Demand for Housing

dc.contributor.authorYuan Cheng
dc.contributor.authorJohn K. Dagsvik
dc.contributor.authorXuehui Han
dc.date.accessioned2015-04-28
dc.date.accessioned2015-04-29T14:32:51Z
dc.date.available2015-04-29T14:32:51Z
dc.date.issued2014-04-27
dc.identifier.urihttp://hdl.handle.net/11540/4286
dc.description.abstractThis paper used an estimated mixed multinomial logit model of household housing demand to examine the impact of four housing market-related policies on a stated preference survey sample. The estimated demand probability function suggested that household choice behaviour does show huge heterogeneity. The estimated results were then employed to examine the effects of the policies. We estimated the potential disequilibrium between demand and supply under the construction-size-limitation policy, demonstrated that the efficient movers' subsidy increases along with the household income, and simulated the changes in housing demand when tax policy is changed. We demonstrate the potential usefulness of our modelling framework in assisting policy-making decisions. Our model also partially explains the failures and controversies of the latest real-estate intervention policies in China.
dc.languageEnglish
dc.publisherWiley
dc.titleReal Estate Market Policy and Household Demand for Housing
dc.typeJournals
dc.subject.expertIndustry
dc.subject.expertDevelopment Economics
dc.subject.expertEconomic Models
dc.subject.expertOrganization for Economic Cooperation and Development
dc.subject.adbSecurities
dc.subject.adbMines
dc.subject.adbCompetition
dc.subject.adbIndustrial competition
dc.subject.adbUnfair competition
dc.subject.adbMonopolies
dc.subject.adbCompetition policy
dc.subject.adbDevelopment cooperation
dc.subject.adbEconomic discrimination
dc.subject.adbIndustrial Development
dc.subject.adbFinancial Services Industry
dc.subject.adbIndustrial Sector
dc.subject.naturalCompetition
dc.subject.naturalComparative economics
dc.subject.naturalCommunication in economic development
dc.subject.naturalIndustrialization
dc.subject.naturalMonopoly
dc.subject.naturalBarriers to entry
dc.subject.naturalMonopolistic competition
dc.subject.naturalRestraint of trade
dc.subject.naturalPrice discrimination
dc.subject.naturalImperfect competition
dc.subject.naturalPress monopoly
dc.subject.naturalDiversification in industry
dc.subject.naturalUnfair competition
dc.subject.naturalInvestment banking
dc.title.seriesPacific Economic Review
dc.title.volumeVol 19, Issue 2
dc.contributor.imprintWiley
oar.themeEconomics
oar.themeIndustry
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-008060
oar.authorCheng, Yuan
oar.authorDagsvik, John K.
oar.authorHan, Xuehui
oar.importtrue
oar.externallinkhttp://onlinelibrary.wiley.com/doi/10.1111/1468-0106.12062/abstract
oar.googlescholar.linkpresenttrue


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