MOVING BEHAVIOR AND THE HOUSING-MARKET

被引：21
|
作者：
HARDMAN, AM
IOANNIDES, YM
机构：
[1] VIRGINIA POLYTECH INST & STATE UNIV,DEPT URBAN AFFAIRS & PLANNING,BLACKSBURG,VA 24061
[2] VIRGINIA POLYTECH INST & STATE UNIV,DEPT ECON,BLACKSBURG,VA 24061
来源：
REGIONAL SCIENCE AND URBAN ECONOMICS | 1995年 / 25卷 / 01期
基金：
美国国家科学基金会;
关键词：
MOVING; RESIDENTIAL MOBILITY; HOUSING; FRICTIONS;
D O I：
10.1016/0166-0462(94)02065-O
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper develops a model of the relationship between residential mobility and housing demand, which it embeds in an overlapping-generations model of the housing market. Moves, needed to adjust housing consumption, are costly; adjusting other consumption is not. Comparative static results for the impact of moving costs and the interest rate on the optimal number of moves and housing consumption in each residence spell are presented. We demonstrate that moving costs and constraints on moving can serve as a form of rationing of housing consumption which can be used in analyzing certain policy interventions in housing markets.
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页码：21 / 39
页数：19
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