Publisher's Synopsis
Originally published in 1982, this book contains research in the area of econometric modelling in the housing market, including that which has extended to the use of search models. The subjects covered include the importance of racial differences, spatial aspects of residential search and information provision and its effect on the behaviour of the buyers. The combination of careful analytic modelling, empirical testing and speculative discussions of the role of agents in the search process provides an innovative and imaginative approach to the interesting problems of understanding the individual behaviour in complex contexts such as the urban housing market.
