Microeconomic Analysis of Housing Demand - Theory and Empirics

Author: Zheng Siqi
Publisher:
Publish Date: 2007-01-01
Features: This book takes housing demand as its main thread, featuring microdata and microeconometric methods, and conducts an in-depth theoretical and empirical study on the characteristics of housing demand among urban Chinese households. It covers aspects such as demand quantity, rent-buy choice, location choice, and housing search, which are both distinct and closely interconnected, revealing the micro mechanisms of housing demand and pathways to improve housing allocation efficiency. This micro analysis of housing demand is a cutting-edge issue in current international housing economics research. At the same time, the book's analysis particularly emphasizes the institutional and market environment differences brought about by China's transition economy, developing and refining several theoretical analytical methods. This not only expands current international research in this field but also enriches the micro-level research system on housing demand in China. The empirical results of the book reveal several characteristics of housing demand among urban Chinese residents, which hold significant implications for improving housing allocation efficiency and expanding housing consumption. This book is suitable for academic researchers in urban economics and real estate economics, as well as relevant faculty, students, and researchers for reference.