This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Add to Saved Citations Download to citation manager Add to My Marked Citations Citing Articles Citing Articles via Google Scholar Google Scholar Articles by Dynarski, M. Search for Related Content Social Bookmarking                   What's this?

Residential Attachment and Housing Demand

Department of Economics, University of California, Davis, California

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.

CiteULike    Connotea    Del.icio.us    Digg    Reddit    Technorati    What's this?