An equilibrium-econometric analysis of rental housing markets with indivisibilities

Mamoru Kaneko, Tamon Ito

    研究成果: Chapter

    抄録

    We develop a theory of an equilibrium-econometric analysis of rental housing markets with indivisibilities. It provides a bridge between a (competitive) market equilibrium theory and a statistical/econometric analysis. The listing service of apartments provides the information to both economic agents and an econometric analyzer: each economic agent uses a small part of the data from the service for his economic behavior, and the analyzer uses them to estimate the market structure. It is argued that the latter may be done by assuming that the economic agents take the standard price-taking behavior. We apply our theory to the data in the rental housing markets in the Tokyo area, and examine the law of diminishing marginal utility for household. It holds strictly with respect to the consumption, less with commuting time-distance, and much less with the sizes of apartments.

    元の言語English
    ホスト出版物のタイトルSpringer Optimization and Its Applications
    出版者Springer International Publishing
    ページ193-223
    ページ数31
    118
    DOI
    出版物ステータスPublished - 2017

    出版物シリーズ

    名前Springer Optimization and Its Applications
    118
    ISSN(印刷物)19316828
    ISSN(電子版)19316836

    Fingerprint

    Econometrics
    Economics
    Market Equilibrium
    Competitive Equilibrium
    Diminishing
    Strictly
    Market
    Estimate

    ASJC Scopus subject areas

    • Control and Optimization

    これを引用

    Kaneko, M., & Ito, T. (2017). An equilibrium-econometric analysis of rental housing markets with indivisibilities. : Springer Optimization and Its Applications (巻 118, pp. 193-223). (Springer Optimization and Its Applications; 巻数 118). Springer International Publishing. https://doi.org/10.1007/978-3-319-52654-6_9

    An equilibrium-econometric analysis of rental housing markets with indivisibilities. / Kaneko, Mamoru; Ito, Tamon.

    Springer Optimization and Its Applications. 巻 118 Springer International Publishing, 2017. p. 193-223 (Springer Optimization and Its Applications; 巻 118).

    研究成果: Chapter

    Kaneko, M & Ito, T 2017, An equilibrium-econometric analysis of rental housing markets with indivisibilities. : Springer Optimization and Its Applications. 巻. 118, Springer Optimization and Its Applications, 巻. 118, Springer International Publishing, pp. 193-223. https://doi.org/10.1007/978-3-319-52654-6_9
    Kaneko M, Ito T. An equilibrium-econometric analysis of rental housing markets with indivisibilities. : Springer Optimization and Its Applications. 巻 118. Springer International Publishing. 2017. p. 193-223. (Springer Optimization and Its Applications). https://doi.org/10.1007/978-3-319-52654-6_9
    Kaneko, Mamoru ; Ito, Tamon. / An equilibrium-econometric analysis of rental housing markets with indivisibilities. Springer Optimization and Its Applications. 巻 118 Springer International Publishing, 2017. pp. 193-223 (Springer Optimization and Its Applications).
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