Modeling real estate investment decisions in households. In Michel Bierlaire, Andre de Palma, Ricardo Hurtubia, Paul Waddell (Eds) Integrated Transport and Land Use Modeling for Sustainable Cities
DE PALMA ; DE LAPPARENT ; PICARD
Type de document
CHAPITRE D'OUVRAGE (CO)
Langue
anglais
Auteur
DE PALMA ; DE LAPPARENT ; PICARD
Résumé / 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.
Editeur
PRESSES POLYTECHNIQUES ET UNIVERSITAIRES ROMANDES
