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Local housing submarket structure and regional household housing choice behaviour.

Tu, Yong (1995) Local housing submarket structure and regional household housing choice behaviour. PhD thesis, Edinburgh Napier University.

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    Abstract/Description

    As home ownership in the UK housing market has become mature, economic and
    econometric analyses of urban and regional owner-occupier housing markets have
    become a long-standing concern of housing economists.
    This thesis defines a nestedl ocal housing submarkets tructureT. he dynamic stock flow
    model with trade friction is revised and applied to analysing the local owner occupier
    housing submarket operational process. The short run and long run equilibrium and
    discquilibrium nature of a local owner occupier housing submarkct system are divulged.
    This model explores the submarket house price determinants and the role of housing
    submarket trade friction in submarket house price formation. The computer simulation
    reveals the relationship between the housing submarket structure and the system
    stability. The role of household housing choice behaviour in directing the system has
    been carefully demonstrated.
    On the premise of the utility maximisation approach, a behavioural model of regional
    household housing choice per housing submarket is set up. It is argued that the structure
    of the regional labour market determines household dwelling location choice. The
    influence of housing submarket marketability (defined as an inverse of the submarket
    trade friction) on household housing choice behaviour is considered. The family life
    cycle pattern of housing choice behaviour and the influence of household financial
    constraints on housing choice are also developed in the model.
    The empirical analysis is based on both Stated and Revealed preference information in
    order to overcome the dwelling supply constraint. The data is derived from the Lothian
    Region owner occupier housing market. The empirical results are compared with those
    of the existing housing choice models.
    The policy implications which follow from this thesis are then discussed in the light of
    the findings

    Item Type: Thesis (PhD)
    Uncontrolled Keywords: housing economics; submarket structure; owner/ occupier;
    University Divisions/Research Centres: Edinburgh Napier University, Transport Research Institute
    Dewey Decimal Subjects: 300 Social sciences > 330 Economics > 333 Economics of land & energy
    Library of Congress Subjects: H Social Sciences > HD Industries. Land use. Labor
    Item ID: 3603
    Depositing User: Mrs Lyn Gibson
    Date Deposited: 10 Feb 2010 16:48
    Last Modified: 12 Jan 2011 04:54
    URI: http://researchrepository.napier.ac.uk/id/eprint/3603

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