Originally published in 1982, this book contains research in the area of econometric modelling in the housing market, including that which has extended to the use of search models. The subjects covered include the importance of racial differences, spatial aspects of residential search and information provision and its effect on the behaviour of the buyers. The combination of careful analytic modelling, empirical testing and speculative discussions of the role of agents in the search process provides an innovative and imaginative approach to the interesting problems of understanding the individual behaviour in complex contexts such as the urban housing market.
Table of Contents
Part 1: Models of Search Behavior 1. A Review of Search Models and the Application to Search in the Housing Market W. A. V. Clark and Robin Flowerdew 2. An Analytical Mode of Housing Search and Mobility Kevin McCarthy 3. Search Adjustment in Local Housing Markets Gavin Wood and Duncan Maclennan 4. Racial Differences in the Search for Housing Francis J. Cronin 5. Spatial Aspects of Residential Search James O. Huff Part 2: Information, Search and Policy Responses 6. Information Acquisition: Patterns and Strategies Duncan Maclennan and Gavin Wood 7. Information Provision: An Analysis of Newspaper Real Estate Advertisements Terence R. Smith, W. A. V Clark and Jun Onaka 8. Homebuyer Response to Information Content Risa Palm 9. Linking Local Mobility Rates to Migration Rates: Repeat Movers and Place Effects John L. Goodman Jr. 10. Search Behavior and Public Policy: The Conflict Between Supply and Demand Perspectives Eric G. Moore.
W. A. V. Clark is Research Professor of Geography at UCLA, USA.