On discrete choice models of housing demand

Article Abstract:

Specifications of models of discrete choice are examined in calculating housing consumption for policy simulation and projection purposes. Housing consumption is seen comprehensively, with a selection among three types of owning a home, five kinds of rentals, and a non-head of household option. A familiar multinomial logit specification is negated by a number of specification tests. A variety of nested multinomial logit models of multinomial selection that permit a richer substitution array among the disparate housing selections is possible. Strong and feasible differences among nesting structures are revealed by estimations of different nesting structures.

Analysis, Housing research, Demand functions (Economics), Demand functions

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Urban productivity and factor growth in the late nineteenth century

Article Abstract:

This article discusses the relationship between urbanization, productivity, and aggregate growth. Topics include government spending, industrial localization, and an analysis of capital and labor growth.

19th century AD, Urban policy, Urbanization

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