Housing demand is a part of household income allocation. Household income allocation can be separated into three parts including general consumption (composite goods, services and leisure), housing consumption and saving. Therefore, income allocation has a strong effect on housing demand. The official ìhome-based trip data in the Tainan metropolisî and ìhousehold income and expenditure data in Tainan cityî will be used to establish a model of householdsí income allocation. The model will be a log-linear model and be constructed under the hypothesis of utility maximization. Furthermore, household total income will be replaced by housing consumption which was calculated from a previous model to analyze household housing demand. It will be more precise than existing models.
Hsia, Hao-Ching, Kan-Chung Huang, and Kuang-Yih Yeh. "INCOME ALLOCATION-BASED HOUSING DEMAND MODEL: A CASE STUDY OF TAINAN CITY ." In Book of Abstracts: 13th Annual European Real Estate Society Conference. ERES: Conference. Weimar, Germany, 2006.
Section: 8-C