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Hedonic Price Function and Promoting Information Disclosure -- Chapter 4 Housing Loan Policy in Japan: Benefits and Drawbacks … Vector Autoregession (VAR) analysis in this book; consequently, the focus of housing policy in Japan is now the quality of … index and rent index using the quality of houses for the first time in Japan. With hedonic price and rent functions, the …
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The housing wealth-to-income ratio has been increasing in most developed economies since the 1950s. We provide a novel theory to explain this long-term pattern. We show analytically that house prices grow in the steady state if i) the housing sector is more land-intensive than the non-housing...
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This paper investigates whether and how gentrification spreads along intercity transport connections. We consider a model with heterogeneous individuals populating a primary and a secondary city, with commuting within and between cities. By reducing the cost of intercity commuting, the HSR...
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