A Field Theory of House Prices - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Field Theory of House Prices write by Marko Hannonen. This book was released on . A Field Theory of House Prices available in PDF, EPUB and Kindle. This book presents the essential ideas of the field theory of house prices. This theory combines some fundamental concepts of classical physics and standard economics, providing a new, alternative way of thinking about house prices. In the field theory of house prices a new concept of analysis is defined: house prices by distance from the CBD (Central Business District). In traditional neoclassical economics, house prices are analysed directly without including the location element of a house. The field theory, however, takes location explicitly into account by analysing house prices divided by the distance from the CBD. The main ideas of the field theory are also applicable to the land markets and facilities markets, where location plays a significant role in the analysis of property prices. The author is a Doctor of Science (Technology), whose research interest focuses on applied mathematics and economics.
Nonstandard House Price Theory
Nonstandard House Price Theory - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Nonstandard House Price Theory write by Marko Hannonen. This book was released on . Nonstandard House Price Theory available in PDF, EPUB and Kindle. This is an e-book about a dynamic field theory of house prices, which simplifies the ideas in the author’s previous work, A Field Theory of House Prices (ISBN 978-952-6613-36-9). The text provides new, highly workable ideas based on the major ideas of classical physics combined with the major ideas of classical economics. This synthesis is known as a dynamic field theory of house prices. This is a novel theory that provides a unified, general framework for decision-making that can be applied to any macro-level question about house prices. In order to understand the ideas of this e-book, it is assumed that the reader has a basic understanding of mathematics, which is the language of exact science. The workability of the ideas presented in this e-book are demonstrated using some real, large data sets. These empirical results are documented in the presented material. The local disposable income and the interest variable typically applied in Finland are the ”pushing forces” that generate the demand field. The supply side is the ”attracting force” that does not influence the house prices in the samples investigated, but is still a force that exists. What is a house price? What are the demand field and supply field of housing? This book explains these issues.
House Price Methodology
House Price Methodology - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook House Price Methodology write by Marko Hannonen. This book was released on . House Price Methodology available in PDF, EPUB and Kindle. This booklet discusses some major methodological issues relating to the construction of house price models on a macro level. There is no single method that always produces the optimal results; the choice of a particular approach, method, theory, model and technique is context-dependent. This is especially true in housing markets, where a multitude of different submarkets exist. The methodology chosen should be based on sound theory, from which the basic concepts of analysis can be derived. This booklet discusses the use of potential models, which can be constructed using a general field theory, and which act as a theoretical foundation for further analysis. If we use potential models for house price analysis we can discover additional features from the data set that other approaches would simply miss. This e-book presents a pragmatic overview of key methodological concerns with the emphasis on the use of potential models. Theoretical methodological questions are left unanswered, and are not even presented in this text, since they have little relevancy to real-world modelling questions.
Modelling House Prices
Modelling House Prices - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Modelling House Prices write by Marko Hannonen. This book was released on . Modelling House Prices available in PDF, EPUB and Kindle. This booklet is a final complement to the series of investigations (”A Field Theory of House Prices”, ISBN 978-952-6613-36-9 and ”Nonstandard House Price Theory”, ISBN 978-952-6613-66-6) on the fundamental nature of house prices, which is, strictly speaking, a mathematical question. As in the earlier e-books on the scientific essence of house prices by the author, this booklet analyses house prices using the concept of a vector field. The fundamental idea underlying this e-book is that housing demand, housing supply and house prices can be investigated not as scalar functions but as genuine vector fields.
Rethinking the Economics of Land and Housing
Rethinking the Economics of Land and Housing - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Rethinking the Economics of Land and Housing write by Josh Ryan-Collins. This book was released on 2017-02-28. Rethinking the Economics of Land and Housing available in PDF, EPUB and Kindle. Why are house prices in many advanced economies rising faster than incomes? Why isn’t land and location taught or seen as important in modern economics? What is the relationship between the financial system and land? In this accessible but provocative guide to the economics of land and housing, the authors reveal how many of the key challenges facing modern economies - including housing crises, financial instability and growing inequalities - are intimately tied to the land economy. Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, the authors show that in order to tackle these increasingly pressing issues a major rethink by both politicians and economists is required.
