This paper is a quantitatively-oriented theoretical study into the interaction between housing prices, aggregate production, and household behaviour over a lifetime. We develop an overlapping generations model of a production economy in which land and capital are combined into residential and commercial structures. We …nd that, in the economy where land is more important for structures, the hou...

In this paper we investigate the driving factors associated with the Paris apartment market. We explore a database of nearly 230 000 transactions for residential properties in the Paris area over the 1973 – 2001 period. We develop a factorial model that may capture the systematic link between residential prices and a set of predefined economic variables or a linear combination of these economic...

Housing affordability is the relationship between households’ income and housing expenditure. The public are very concerned about the high price of residential housing in Beijing, which is considered go beyond the income of average citizens. In order to fully understand the China’s real estate market, the paper first analyses the land policy, housing reform and housing finance, etc. Then this p...

High electricity demand peaks and uncertain supply from renewable energy sources have a significant impact on the electricity price and the network capacity. One mechanism proposed to tackle this issue is the use of real-time pricing (RTP) at the end customer level. Here electricity retail prices are set in real-time in response to varying supply-demand conditions in a way that reduces peak dem...

This pilot study investigates how considering accessibility could help to model prices of residential real estate more accurately. We introduce two novelties from the price modeling point of view (1) defining accessibility as travel time by public transport, in addition to geographic distance, and (2) considering dynamic points of interest from check-ins into social networks, in addition to fix...

Residential demand for electricity is estimated for China using a unique household level dataset. Household electricity demand is specified as a function of local electricity price, household income, and a number of social-economic variables at household level. We find that the residential demand for electricity responds rather sensitively to its own price in China, which implies that there is ...

In recent years researchers have begun exploring the relationships between the real estate market and other related markets. For example, Case and Shiller (1990) find that price changes and excess returns of single-family housing can be predicted by a number of information variables. Using the Granger equilibrium model Goebel and Ma (1993) find that mortgage rates and general interest rates are...