Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
962084 | Journal of Housing Economics | 2011 | 16 Pages |
Abstract
⺠Recent developments in hedonic pricing theory allow modeling of the equilibrium pricing function as a markup over marginal costs. ⺠The markup varies inversely with the elasticity of demand at each point on the envelope. ⺠Results for two districts within Shenzhen, China strongly confirm the main hypothesis of this paper. ⺠Demand elasticity declines substantially for larger, more luxurious housing units in Shenzhen.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Yong Chen, John M. Clapp, Dogan Tirtiroglu,