Social Interaction and Urban Location Decisions

Zackary Hawley and Geoffrey K. Turnbull ()
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Geoffrey K. Turnbull: University of Central Florida

The Journal of Real Estate Finance and Economics, 2019, vol. 59, issue 1, No 1, 26 pages

Abstract: Abstract This paper examines how household social interaction affects housing and location demand in urban settings. The extended Alonso-Muth urban household model shows that the effects on density and location hinge upon the demand relationship between social activities and housing consumption. Stronger tastes for social activities outside the home lead to lower housing demand and decrease demanded distance from the CBD. Stronger tastes for socializing at home have the opposite effects on housing and location demands. The empirical analysis of interaction survey data yields results consistent with the theoretical framework.

Keywords: Social interaction; Endogenous amenities; Urban form; Housing demand; Household location (search for similar items in EconPapers)
JEL-codes: C26 R14 R21 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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Working Paper: Social Interaction and Urban Location Decisions (2013)
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DOI: 10.1007/s11146-018-9673-0

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