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作者

来源

JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS,Vol.59,Issue1,P.1-26

语言

英文

关键字

Social interaction; Endogenous amenities; Urban form; Housing demand; Household location; MODEL

作者单位

[Hawley, Zackary B.] Texas Christian Univ, Dept Econ, TCU Box 298510, Ft Worth, TX 76129 USA. [Turnbull, Geoffrey K.] Univ Cent Florida, Dept Finance, Dr P Phillips Sch Real Estate, 4000 Cent Florida Blvd,POB 161400, Orlando, FL 32816 USA. Hawley, ZB (reprint author), Texas Christian Univ, Dept Econ, TCU Box 298510, Ft Worth, TX 76129 USA. E-Mail: z.hawley@tcu.edu; Geoffrey.Turnbull@ucf.edu

摘要

This paper examines how household social interaction affects housing and location demand in urban settings. The extended Alonso-Muth urban household model shows that the effects on density and location hinge upon the demand relationship between social activities and housing consumption. Stronger tastes for social activities outside the home lead to lower housing demand and decrease demanded distance from the CBD. Stronger tastes for socializing at home have the opposite effects on housing and location demands. The empirical analysis of interaction survey data yields results consistent with the theoretical framework.