Abstract
![CDATA[This study develops a dynamic model for analyzing residential housing market behavior both in the long and short-term perspective. In the long-term model, the dynamic effects of changes in aggregate housing demand and supply are described. In the short-term model, the impacts of demand and supply shocks on the housing prices, resulting in rapid changes in housing prices are illustrated. This model is consistent with traditional housing economic theory. The differences re that it can demonstrate three-dimensional movement and a discontinuous change in housing prices.]]
Original language | English |
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Title of host publication | AUBEA 2006: Proceedings of the 31st Australasian University Building Educators Association Conference: 11-14 July 2006, University of Technology Sydney, Sydney, NSW |
Publisher | University of Technology, Sydney |
Number of pages | 18 |
ISBN (Print) | 9780977532506 |
Publication status | Published - 2006 |
Event | Australasian Universities Building Educators Association - Duration: 1 Jan 2006 → … |
Conference
Conference | Australasian Universities Building Educators Association |
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Period | 1/01/06 → … |