QUALITATIVE MODELS FOR ANALYSING HOUSING MARKET DYNAMICS

Manfredo Montagnana, Franco Prizzon and Ferruccio Zorzi

Papers in Regional Science, 1990, vol. 69, issue 1, 153-165

Abstract: ABSTRACT The paper examines housing market dynamics by means of qualitative models chosen from the elementary catastrophes listed in Thorn's Classification Theorem. The first model refers to the cusp catastrophe and hence contains cine state variable and two parameters; the second, the butterfly catastrophe, consists of one stale variable and four parameters. We present an empirical application of the model using aggregate data for Turin.

Date: 1990
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https://doi.org/10.1111/j.1435-5597.1990.tb01209.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:presci:v:69:y:1990:i:1:p:153-165

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