Residential Attachment and Housing Demand
- 1 February 1986
- journal article
- Published by SAGE Publications in Urban Studies
- Vol. 23 (1) , 11-20
- https://doi.org/10.1080/00420988620080021
Abstract
In this paper a model of housing demand behavior is proposed, in which both monetary and non-monetary adjustment costs (termed 'attachment') are allowed to affect demand levels. An empirical implication of the model is that the individual variance around the housing demand curve is likely to increase directly with total adjustment costs. A cross-section housing demand curve is estimated, with the variance specified as a linear function of variables thought to be correlated with total adjustment costs. The results provide qualified support for the assertion that adjustment costs influence housing demand behavior in the manner suggested by the theoretical model.Keywords
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