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We report supply elasticity estimates of residential property (houses and apartments) for Local Government Areas (LGAs …) in metropolitan Sydney. Using annual data for 1991-2012, the average supply elasticity estimate across all LGAs is 0 ….2 for houses and 0.8 for apartments. The supply of houses is inelastic in all 43 LGAs; in contrast apartment supply is …
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This book presents a number of recent developments in demand analysis. These include new, simple data-analytic techniques for analysing consumption data; new tests based on computer simulations for hypothesis testing; new methodological results on how to estimate demand equations; innovative...
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that have relatively similar backgrounds and tax systems: Australia, Canada, New Zealand, the UK, and the US. The first …
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