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The mismatch between conventional house price modeling and regulated markets : insights from The Netherlands. / Tu, Qi; de Haan, J.; Boelhouwer, Peter.

In: Journal of Housing and the Built Environment, Vol. 32, No. 3, 04.10.2016, p. 599-619.

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@article{a58666f0d924486f9fc3d192537024e7,
title = "The mismatch between conventional house price modeling and regulated markets: insights from The Netherlands",
abstract = "House price modeling has been frequently used to investigate the dynamics of housing markets, especially competitive markets; yet less attention has been given to markets that have experienced considerable interventions. The aim of this study is to demonstrate a mismatch between conventional house price models and the case of the Netherlands and to provide reasons of such mismatch. We first describe and classify the conventional house price models into asset-pricing house price model, stock-flow model, multi-period utility model, and repayment model. These models are subsequently applied to the Netherlands, where considerable government interventions took place. As expected, the empirical results are unsatisfactory to explain the Dutch house price development. The degree of mismatch of the repayment model and the multi-period utility model, however, seems to be fairly limited.",
keywords = "House prices, Intervention, Mismatch, Modeling, The Netherlands",
author = "Qi Tu and {de Haan}, J. and Peter Boelhouwer",
year = "2016",
month = "10",
day = "4",
doi = "10.1007/s10901-016-9529-y",
language = "English",
volume = "32",
pages = "599--619",
journal = "Journal of Housing and the Built Environment",
issn = "1566-4910",
publisher = "Springer",
number = "3",

}

RIS

TY - JOUR

T1 - The mismatch between conventional house price modeling and regulated markets

T2 - Journal of Housing and the Built Environment

AU - Tu, Qi

AU - de Haan, J.

AU - Boelhouwer, Peter

PY - 2016/10/4

Y1 - 2016/10/4

N2 - House price modeling has been frequently used to investigate the dynamics of housing markets, especially competitive markets; yet less attention has been given to markets that have experienced considerable interventions. The aim of this study is to demonstrate a mismatch between conventional house price models and the case of the Netherlands and to provide reasons of such mismatch. We first describe and classify the conventional house price models into asset-pricing house price model, stock-flow model, multi-period utility model, and repayment model. These models are subsequently applied to the Netherlands, where considerable government interventions took place. As expected, the empirical results are unsatisfactory to explain the Dutch house price development. The degree of mismatch of the repayment model and the multi-period utility model, however, seems to be fairly limited.

AB - House price modeling has been frequently used to investigate the dynamics of housing markets, especially competitive markets; yet less attention has been given to markets that have experienced considerable interventions. The aim of this study is to demonstrate a mismatch between conventional house price models and the case of the Netherlands and to provide reasons of such mismatch. We first describe and classify the conventional house price models into asset-pricing house price model, stock-flow model, multi-period utility model, and repayment model. These models are subsequently applied to the Netherlands, where considerable government interventions took place. As expected, the empirical results are unsatisfactory to explain the Dutch house price development. The degree of mismatch of the repayment model and the multi-period utility model, however, seems to be fairly limited.

KW - House prices

KW - Intervention

KW - Mismatch

KW - Modeling

KW - The Netherlands

UR - http://resolver.tudelft.nl/uuid:a58666f0-d924-486f-9fc3-d192537024e7

UR - http://www.scopus.com/inward/record.url?scp=84990821981&partnerID=8YFLogxK

U2 - 10.1007/s10901-016-9529-y

DO - 10.1007/s10901-016-9529-y

M3 - Article

VL - 32

SP - 599

EP - 619

JO - Journal of Housing and the Built Environment

JF - Journal of Housing and the Built Environment

SN - 1566-4910

IS - 3

ER -

ID: 13312312