MODELING REAL ESTATE INVESTMENT DECISIONS IN HOUSEHOLDS

André de Palma (), Matthieu de Lapparent and Nathalie Picard
Additional contact information
Matthieu de Lapparent: IFSTTAR/AME/DEST - Dynamiques Economiques et Sociales des Transports - IFSTTAR - Institut Français des Sciences et Technologies des Transports, de l'Aménagement et des Réseaux - Communauté Université Paris-Est

Working Papers from HAL

Abstract: There is substantial literature on modelling individual residential location choices. We restrict here our attention to some key aspects discussed below, which remain overlooked in the litterature. First, the set of decisions related to residential location in a multiperiod setting typically involve a very large number of alternatives. At a given date, a choice entails several dimensions: where to locate, which dwelling types and which tenure status. A fine tuned demand analysis of housing choices, would consider dozens of small geographical units for potential locations, at least two tenure types (own or rent) and at least two dwelling types (apartment or house). Another aspect is: who makes residential location related decisions. Recent litterature (see Picard & Chiappori (2011), de Palma et al. (2013)) shows that accounting for intra-household negotiation processes provide a new understanding about how residential location choices may result from consensus reached by household members. Most of research work is yet based on unitary household approaches that consider there is a single decision maker in the family.

Keywords: Residential location; Real estate; Investment; Optimization; Dynamic model; Bequest; Financial constraints; Discrete choice models; Economics of the family (search for similar items in EconPapers)
Date: 2014-12-08
New Economics Papers: this item is included in nep-ure
Note: View the original document on HAL open archive server: https://hal.science/hal-01091972
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://hal.science/hal-01091972/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-01091972

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().