Year: 2014
Author: Fritzsche, Carolin, Vandrei, Lars
Credit and Capital Markets – Kredit und Kapital, Vol. 47 (2014), Iss. 3 : pp. 465–483
Abstract
Theoretical Causes for Vacancies in the Housing Market
There are different causes for vacancies in the housing market. The scientific literature provides a series of approaches which may explain the interrelations eventually leading to vacancies. In this paper, the fundamental causes for vacancies are presented under the assumptions of the standard market model, the search and matching theory and behavioral economics. Concerning the latter, a new theoretical framework is used in order to explain vacancies in the housing market in the context of the prospect theory. From these theories different hypotheses are derived to explain under which circumstances vacancies arise. Afterwards, the validity of the generated hypotheses is evaluated with the help of existing empirical literature. Most of the hypotheses withstand the empirical examination. Only in some cases results are not consistent with one another or contradict the theoretical predictions.
Journal Article Details
Publisher Name: Global Science Press
Language: German
DOI: https://doi.org/10.3790/ccm.47.3.465
Credit and Capital Markets – Kredit und Kapital, Vol. 47 (2014), Iss. 3 : pp. 465–483
Published online: 2014-09
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 19
Keywords: D83 R21 R31 Search frictions matching prospect theory real estates housing vacancy
Author Details
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Structure of housing vacancy in Germany. A Typology of Attributes of the German Housing Census 2011 in German Municipalities
Wolff, Manuel
Rink, Dieter
Raumforschung und Raumordnung | Spatial Research and Planning, Vol. 77 (2019), Iss. 3 P.273
https://doi.org/10.2478/rara-2019-0011 [Citations: 3]
| Section Title | Page | Action | Price |
|---|---|---|---|
| Carolin Fritzsche / Lars Vandrei: Keiner will sie haben – Theoretische Ursachen für Immobilienleerstand | 1 |