Abstract
The housing market has certain characteristic features, which distinguish it from the majority of other commodity markets. These special features are due to the supply side. A house or flat is a capital good of unusually long life. It is geographically fixed. The production costs per unit are high.
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Notes
We can refer in this context to the income elasticity of household formation or of the household quotients. Measurements made in Sweden since the war have shown that the formation of households by, particularly, unmarried persons has a relatively high ‘income elasticity’, Household formation can also be influenced by increased incomes leading to an increased marriage rate. See P. Holm, Bostadsmarknaden i ett extanderande samhälle, Stockholm, 1964.
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© 1967 International Economic Association
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Holm, P. (1967). A Disaggregated Housing Market Model. In: Nevitt, A.A. (eds) The Economic Problems Of Housing. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08473-9_4
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DOI: https://doi.org/10.1007/978-1-349-08473-9_4
Publisher Name: Palgrave Macmillan, London
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