Social Behaviour as a Basis for Modelling the Urban Housing Market
A Review
Bibliographic Data
| ID | 14550419 |
|---|---|
| Authors | David Meen (Centre for Spatial and Real Estate Economics, Department of Economics, School of Business, The University of Reading, PO Box 219, Whiteknights, Reading RG6 6AW, UK), David E Meen (University of Reading), Geoffrey Meen (0000-0001-8502-9694, Centre for Spatial and Real Estate Economics, Department of Economics, School of Business, The University of Reading, PO Box 219, Whiteknights, Reading RG6 6AW, UK, corresponding author) |
| Year | 2003 |
| Volume | 40 |
| Issue | 5-6 |
| Pages | 917-935 |
| Publication date | 2003-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Urban Studies (JOURNAL) |
| Journal identifiers | ISSN: 0042-0980 • E-ISSN: 1360-063X |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1080/0042098032000074245 |
| OpenAlex | W2071038954 |
| Language | EN |
| Citations received | 28 |
| References cited | 45 |
This paper considers how empirical models of urban housing markets might be constructed as a basis for policy analysis. It is suggested that this is fundamentally more difficult than national or regional models, because of particular characteristics of urban markets-notably, the importance of social interactions, non-linearity and segregation. However, recent advances in the modelling of social interactions point to a possible way forward. The paper begins by reviewing some aspects of this literature and shows how the models generate non-linearities consistent with recent work on thresholds in local housing markets. Simple cellular automata are also used to demonstrate this point and how segregation may arise. A review follows of work on discrete choice models, which include social interactions within their structure. Bringing all the tools together, it is suggested that there is now the potential to construct urban housing models, although a great deal of theoretical and empirical work remains to be done
Cellular automaton · Construct (python library) · Economic geography · Economics · Epistemology · Point (geometry) · Positive economics · Simple (philosophy) · Sociology · Work (physics) · Computer Science · Engineering · Housing Market and Economics · Housing, Finance, and Neoliberalism · Urban, Neighborhood, and Segregation Studies
Vacancy Chain Models
Performing (Housing) Markets
Are Neighbourhoods Self-stabilising? Exploring Endogenous Dynamics
Willingness to pay to avoid flooding in Cuttack, India
From an agent-based laboratory to the real world
The Many Faces of Agent-Based Computational Economics
Hunting for hotspots in the countryside of Northern Sweden
Fundamentals Are, Well, Fundamental
On the Inadequacy of Economics for Understanding Housing Markets – A Pragmatic Response
Population structure and location choice
Revisiting location efficiency
Walkability and the benefits of place-based housing
The Adjustment of Housing Markets to Migration Change
Long-run urban dynamics
Knowing the Market? Understanding and Performing York's Housing
Calculated Affection? Charting the Complex Economy of Home Purchase
Intra‐Urban migration and housing submarkets
Modelling Local Spatial Poverty Traps in England
Microeconomic Perspectives on the Structure and Operation of Local Housing Markets
Does walkability matter? An examination of walkability’s impact on housing values, foreclosures and crime
The Distribution of London Residential Property Prices and the Role of Spatial Lock-in
Housing Submarkets and the Lattice of Substitution
Spatial housing economics
A Framework for Housing Market Area Delineation
Describing Inequalities in Access to Employment and the Associated Geography of Wellbeing
Classification of Residential Areas in the Three Largest Dutch Cities Using Multidimensional Data
Who Wants to Leave the Neighbourhood? The Effect of Being Different from the Neighbourhood Population on Wishes to Move
The Emotional Economy of Housing
Self-Organization and the City
The Spatial Economy
Why is central Paris rich and downtown Detroit poor?
The changing geography of metropolitan opportunity
Crime and Social Interactions
Workings of a City
Housing Market Segmentation
Identifying neighborhood thresholds
Prices and Trading Volume in the Housing Market
Homeownership and neighborhood stability
Defining Housing Submarkets
Moving up versus moving out
The social benefits of homeownership
Policy Interventions, Low-Level Equilibria, and Social Interactions
A theory of social custom, of which unemployment may be one consequence
Statistical Mechanics Approaches to Socioeconomic Behavior
The geography of metropolitan opportunity
Does neighborhood matter? Assessing recent evidence
Economic Action and Social Structure
Individual Strategy and Social Structure
Social Mix and the Neighbourhood Effect. Policy Ambitions and Empirical Evidence
Housing Abandonment in Inner Cities-The Politics of Low Demand for Housing
Home Ownership and Access to Opportunity
Economic perspectives on the structure of local housing systems
Trans-Atlantic Perspectives on Opportunity, Deprivation and the Housing Nexus
Measuring the Benefits of Homeowning
Residential preferences and neighborhood racial segregation
Status, Quality and the Other Trade-off
The Rise and Decline of the American Ghetto
A Dynamic Model of Residential Segregation
Booms and Busts in the UK Housing Market
Economics and the Self-Organisation Approach
Suburbanization and Segregation in U.S. Metropolitan Areas
Incentives and Social Capital
Economic Analysis of Social Interactions
| Unique citing works | 28 |
|---|---|
| Citations per year | 1,27 |
| Citation span | 2004 - 2023 (20) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 25 |