Fallis Housing Economics

1. Auflage 2014
ISBN: 978-1-4831-9256-7
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 250 Seiten, Web PDF

Housing 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.

Autoren/Hrsg.

Fallis, George

Inhaltsverzeichnis

1;Front Cover;1
2;Housing Economics;4
3;Copyright Page;5
4;Table of Contents;6
5;Acknowledgements;8
6;Chapter 1. Introduction;10
6.1;HETEROGENEITY;14
6.2;DURABILITY;15
6.3;SPATIAL FIXITY;18
6.4;HOUSING STARTS;20
6.5;HOUSING CONDITIONS;23
6.6;THE PRICE OF HOUSING;25
6.7;MORTGAGES AND THE MORTGAGE MARKET;29
6.8;SUGGESTIONS FOR FURTHER READING;35
7;Chapter 2. The Demand for Housing;36
7.1;HOUSING AS A STANDARD COMMODITY;36
7.2;HOUSING AS A HETEROGENEOUS COMMODITY;43
7.3;TENURE CHOICE;46
7.4;HOUSING IN A SPATIAL CONTEXT;52
7.5;SUGGESTIONS FOR FURTHER READING;56
8;Chapter 3. The Supply of Housing;58
8.1;HOUSING AS A STANDARD COMMODITY: LONG-RUN SUPPLY;62
8.2;THE INVESTMENT DECISION;66
8.3;DURABLE HOUSING STOCK: SHORT- AND MEDIUM-RUN SUPPLY;68
8.4;HETEROGENEOUS HOUSING SUPPLY;73
8.5;SUPPLY IN A SPATIAL HOUSING MARKET;75
8.6;SUGGESTIONS FOR FURTHER READING;81
9;Chapter 4. Models of the Housing Market;82
9.1;HOUSING AS A STANDARD COMMODITY;82
9.2;HOUSING AS A HETEROGENEOUS COMMODITY: HEDONIC PRICE EQUATIONS;88
9.3;FILTERING IN HOUSING MARKETS;91
9.4;A SPATIAL HOUSING MARKET;92
9.5;SUGGESTIONS FOR FURTHER READING;99
10;Chapter 5. Housing and Mortgage Markets in the National Economy;100
10.1;HOUSING STARTS AND FLUCTUATIONS;101
10.2;HOUSING FLUCTUATIONS AND MACROECONOMIC FLUCTUATIONS;106
10.3;HOUSING IN A GENERAL EQUILIBRIUM MODEL;108
10.4;THE MORTGAGE MARKET;110
10.5;HOUSING, MORTGAGE MARKETS, AND INFLATION;119
10.6;SUGGESTIONS FOR FURTHER READING;124
11;Chapter 6. The Economic Rationale for Housing Policy;126
11.1;THE SOCIAL WELFARE FUNCTION;126
11.2;PARETO EFFICIENCY;131
11.3;THE ROLE FOR GOVERNMENT;133
11.4;PUBLIC CHOICE ANALYSIS;135
11.5;SUGGESTIONS FOR FURTHER READING;137
12;Chapter 7. Policies to Achieve Equity;138
12.1;INCOME DISTRIBUTION;138
12.2;MERIT GOODS;143
12.3;DIRECT CONSUMPTION EXTERNALITIES (DONOR PREFERENCES);146
12.4;OTHER EQUITY ISSUES;150
12.5;SUGGESTIONS FOR FURTHER READING;154
13;Chapter 8. Policies to Achieve Pareto Efficiency;156
13.1;COMPETITIVE MARKETS;156
13.2;EXTERNALITIES;164
13.3;UNCERTAINTY;169
13.4;STABILIZATION OF FLUCTUATIONS;171
13.5;SUGGESTIONS FOR FURTHER READING;175
14;Chapter 9. Housing Policy in Canada;176
14.1;FEDERAL HOUSING POLICY;176
14.2;PROVINCIAL HOUSING POLICIES;191
14.3;SUGGESTIONS FOR FURTHER READING;196
15;Chapter 10. The Effects of Policies;198
15.1;SHELTER ALLOWANCES;199
15.2;DIRECT MORTGAGE LENDING;202
15.3;PUBLIC HOUSING;207
15.4;RENT CONTROLS;211
15.5;INCOME TAXATION;216
15.6;SUGGESTIONS FOR FURTHER READING;219
15.7;Notes;220
15.8;References;230
15.9;Index;242