IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v37y2000i7p1171-1183.html
   My bibliography  Save this article

Utilisation of the Stock of Owner-occupied Single-family Houses: An Econometric Analysis

Author

Listed:
  • Viggo Nordvik

    (Norwegian Building Research Institute, PO Box 123, Blindern, N-0314, Oslo, Norway, Viggo.Nordvik@byggforsk.no)

Abstract

In many 'single-family' houses, the owner has the option to let a part of the house to another party or to use the entire house for her own purposes. This paper uses a stochastic utility framework to provide a theoretical analysis of this dichotomous choice. The paper also shows how an empirical model that is consistent with the theoretical model can be formulated and estimated using suitable parameterisation. Within the empirical analysis, we test, and reject, the hypothesis of locally linear utility functions that are frequently used in models of discrete housing choices. Furthermore, the estimated model is used to show how the tax treatment of owner-occupiers affects the utilisation of the stock of single-family houses.

Suggested Citation

  • Viggo Nordvik, 2000. "Utilisation of the Stock of Owner-occupied Single-family Houses: An Econometric Analysis," Urban Studies, Urban Studies Journal Limited, vol. 37(7), pages 1171-1183, June.
    • Handle: RePEc:sae:urbstu:v:37:y:2000:i:7:p:1171-1183
    DOI: 10.1080/00420980020080081
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1080/00420980020080081
    Download Restriction: no
    File URL: https://libkey.io/10.1080/00420980020080081?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Arnott, Richard, 1989. "Housing Vacancies, Thin Markets, and Idiosyncratic Tastes," The Journal of Real Estate Finance and Economics, Springer, vol. 2(1), pages 5-30, February.
    2. Amundsen, Eirik S., 1985. "Moving costs and the microeconomics of intra-urban mobility," Regional Science and Urban Economics, Elsevier, vol. 15(4), pages 573-583, November.
    3. Amemiya, Takeshi, 1981. "Qualitative Response Models: A Survey," Journal of Economic Literature, American Economic Association, vol. 19(4), pages 1483-1536, December.
    4. Anas, Alex, 1980. "A probabilistic approach to the structure of rental housing markets," Journal of Urban Economics, Elsevier, vol. 7(2), pages 225-247, March.
    5. Colin Read, 1988. "Advertising and Natural Vacancies in Rental Housing Markets," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(4), pages 354-363, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:spo:wpecon:info:hdl:2441/9023 is not listed on IDEAS
    2. repec:spo:wpecon:info:hdl:2441/8988 is not listed on IDEAS
    3. Gabriel Desgranges & Étienne Wasmer, 2000. "Appariements sur le marché du logement," Annals of Economics and Statistics, GENES, issue 58, pages 253-287.
    4. repec:spo:wpmain:info:hdl:2441/9023 is not listed on IDEAS
    5. repec:hal:spmain:info:hdl:2441/9023 is not listed on IDEAS
    6. Etienne Wasmer, 2005. "Housing market discrimination, housing regulations and intermediaries," Post-Print hal-01053551, HAL.
    7. Rena Sivitanidou, 1999. "Office Rent Processes: The Case of U.S. Metropolitan Markets," Working Paper 8664, USC Lusk Center for Real Estate.
    8. repec:spo:wpmain:info:hdl:2441/8988 is not listed on IDEAS
    9. repec:hal:wpspec:info:hdl:2441/8988 is not listed on IDEAS
    10. repec:hal:spmain:info:hdl:2441/8988 is not listed on IDEAS
    11. Gabriel Desgranges & Étienne Wasmer, 2000. "Appariements sur le marché du logement," Annals of Economics and Statistics, GENES, issue 58, pages 253-287.
    12. repec:hal:wpspec:info:hdl:2441/9023 is not listed on IDEAS
    13. Etienne Wasmer, 2005. "Housing market discrimination, housing regulations and intermediaries," SciencePo Working papers hal-01053551, HAL.
    14. Arturo Estrella & Anthony P. Rodrigues, 1998. "Consistent covariance matrix estimation in probit models with autocorrelated errors," Staff Reports 39, Federal Reserve Bank of New York.
    15. T.R.L. Fry & R.D. Brooks & Br. Comley & J. Zhang, 1993. "Economic Motivations for Limited Dependent and Qualitative Variable Models," The Economic Record, The Economic Society of Australia, vol. 69(2), pages 193-205, June.
    16. Paleti, Rajesh, 2018. "Generalized multinomial probit Model: Accommodating constrained random parameters," Transportation Research Part B: Methodological, Elsevier, vol. 118(C), pages 248-262.
    17. Maria Iacovou, 2002. "Class Size in the Early Years: Is Smaller Really Better?," Education Economics, Taylor & Francis Journals, vol. 10(3), pages 261-290.
    18. Erik Stam & Roy Thurik & Peter van der Zwan, 2010. "Entrepreneurial exit in real and imagined markets," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 19(4), pages 1109-1139, August.
    19. Charles Ka Yui Leung & Joe Cho Yiu Ng, 2018. "Macro Aspects of Housing," GRU Working Paper Series GRU_2018_016, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
    20. Sarah Ann Wheeler & Céline Nauges & Alec Zuo, 2021. "How stable are Australian farmers’ climate change risk perceptions? New evidence of the feedback loop between risk perceptions and behaviour," Post-Print hal-04670841, HAL.
    21. Haoying Wang & Guohui Wu, 2022. "Modeling discrete choices with large fine-scale spatial data: opportunities and challenges," Journal of Geographical Systems, Springer, vol. 24(3), pages 325-351, July.
    22. Y. Saks, 2016. "Socio-economic transitions on the labour market : a European benchmarking exercise," Economic Review, National Bank of Belgium, issue iii, pages 41-58, December.
    23. Kodila-Tedika, Oasis & Khalifa, Sherif, 2022. "State History and State Fragility in Sub-Saharan Africa," Journal of Economic Development, The Economic Research Institute, Chung-Ang University, vol. 47(4), pages 39-53, December.
    24. Garcia, Philip & Hudson, Michael A. & Waller, Mark L., 1988. "The Pricing Efficiency of Agricultural Futures Markets: An Analysis of Previous Research Results," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 20(1), pages 119-130, July.
    25. Haaijer, Marinus E., 1996. "Predictions in conjoint choice experiments : the x-factor probit model," Research Report 96B22, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    26. Ashok Mishra & Barry Goodwin, 2006. "Revenue insurance purchase decisions of farmers," Applied Economics, Taylor & Francis Journals, vol. 38(2), pages 149-159.
    27. Hu, Michael Y. & Chen, Haiyang, 1996. "An empirical analysis of factors explaining foreign joint venture performance in China," Journal of Business Research, Elsevier, vol. 35(2), pages 165-173, February.
    28. Bagi, Faqir Singh, 1983. "A Logit Model Of Farmers' Decisions About Credit," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 15(2), pages 1-7, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:urbstu:v:37:y:2000:i:7:p:1171-1183. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.