Affiliation:
1. Departmento de EconomiaAplicada, Facultad de CC.EE. y Empresariales, Universidad de La Laguna, Campus de Guajara, s/n. La Laguna, Sta Cruz de Tenerife 38071, Spain,
Abstract
This paper examines the simultaneous individual choices in Spain as regards housing (tenure choice and demand) and urban location decisions, taking into account certain unobserved heterogeneity exhibited by individuals. A multinomial mixed logit model is proposed to portray household decisions considering four different options: homeownership according to the type of urbanisation of the neighbourhood (high-level urban property, medium/inferior-level urban property and rural property) and renting. Finally, housing demand is estimated, controlling for sample selection. The results confirm that both housing tenure and urban location, in addition to the unobserved heterogeneity of individuals in this context, could modify appreciably housing demand estimates for both owners and renters.
Subject
Urban Studies,Environmental Science (miscellaneous)
Cited by
23 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献