Nonlinear Budget Constraints and Estimation: Effects of Subsidized Home Loans on Housing Decisions in Japan.

This is the first study to apply to Japanese housing data the econometric analysis of piecewise-linear budget constraints arising from space-linked interest rates. Two models of housing demand are discussed: The first is a Hausman-type model for floor space with random preferences and optimization errors. The second considers joint demand of floor space and other housing quality.

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Year of publication:	1996
Authors:	Seko, M.
Institutions:	Institute of Social and Economic Research (ISER), Osaka University
Subject:	HOUSING \| JAPAN \| EVALUATION \| BUDGET \| BANKS

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Series:	ISER Discussion Paper.
Type of publication:	Book / Working Paper
Notes:	26 pages
Classification:	D12 - Consumer Economics: Empirical Analysis ; G21 - Banks; Other Depository Institutions; Mortgages ; R21 - Housing Demand
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008602935