Modelling Housing Market Fundamentals: Empirical Evidence of Extreme Market Conditions

2005 ◽  
Keyword(s):  
Housing Market ◽  
Empirical Evidence ◽  
Market Conditions ◽  
Market Fundamentals

scholarly journals Using the Self-Organising Map to Identify Regularities across Country-Specific Housing-Market Contexts

10.1068/b3186 ◽  
2005 ◽  
Vol 32 (1) ◽  
pp. 89-110 ◽  
Author(s):  
Tom Kauko
Keyword(s):  
Housing Market ◽  
Semiparametric Regression ◽  
The Self ◽  
Cross Sectional ◽  
Public And Private ◽  
Institutional Differences ◽  
Market Fundamentals ◽  
Self Organising Map ◽  
Public And Private Sector ◽  
Housing Submarkets

The aim of exploring and monitoring housing-market fundamentals (prices, dwelling features, area density, residents, and so on) on a macrolocational level relates to both public and private sector policymaking. Housing market segmentation (that is, the emergence of housing submarkets), a concept with increasing relevance, is defined as the differentiation of housing in terms of the income and preferences of the residents and in terms of administrative circumstances. In order to capture such segmentation empirically, the author applies a fairly new and emerging technique known as the ‘self-organising’ map (SOM), or ‘Kohonen map’. The SOM is a type of (artificial) neural network—a nonlinear and flexible (that is, nonparametric or semiparametric) regression and ‘machine learning’ technique. By utilising the ability of the SOM to visualise patterns, one can analyse various dimensions within the variation of the dataset. Segmentation may then be detected depending on the resulting patterns across the map layers, each of which represents the data variation for one input variable. Utilising an inductive modelling strategy, the author runs cross-sectional and nationwide data on the owner-occupied housing markets of Finland (documentation presented elsewhere), the Netherlands, and Hungary with the SOM technique. On the basis of the resulting configurations certain regularities (similarities and differences) across the three national contexts are identified. In all three cases the segments are determined by physical and institutional differences between the housing bundles and localities. The exercise demonstrates how the inductive SOM-based approach is well-suited for illustrating the contextual factors that determine housing market structure.

scholarly journals Discrimination of tenants with a visual impairment on the housing market: Empirical evidence from correspondence tests

2016 ◽  
Vol 9 (2) ◽  
pp. 234-238 ◽  
Author(s):  
Pieter-Paul Verhaeghe ◽  
Koen Van der Bracht ◽  
Bart Van de Putte
Keyword(s):  
Visual Impairment ◽  
Housing Market ◽  
Empirical Evidence

Conditions for the Introduction of Regulation for Short-Term Rentals

2021 ◽  
Vol 8 (1) ◽  
pp. 159-170
Author(s):  
Vilim Brezina ◽  
◽  
Jan Polívka ◽  
Martin Stark ◽  
◽  
...  
Keyword(s):  
Comparative Analysis ◽  
Housing Market ◽  
Housing Stock ◽  
Qualitative Comparative Analysis ◽  
Short Term ◽  
Market Conditions ◽  
Qualitative And Quantitative ◽  
Market Situation ◽  
Necessary And Sufficient ◽  
German Cities

Most cities in major agglomerations in Europe started to address the rise of short-term accommodation rentals by introducing regulation designed to protect the local housing stock. The momentum behind the widespread introduction of such regulations can be attributed to qualitative and quantitative factors. This article examines selected fields related to short-term rentals in order to uncover the (structural) triggers or conditions that are necessary and sufficient for municipalities to initiate the regulation of their housing market. The study is based on the systematic examination of the effects of those triggers and their combinations using qualitative comparative analysis (QCA). With this method, we explore the implementation or non-implementation of regulation on a sample of major German cities. The results suggest a universal set of conditions covering three central fields: housing market situation, accommodation market conditions and tourism accommodation demand.

Running a record label when records don't sell anymore: empirical evidence from Poland

Popular Music ◽  
2015 ◽  
Vol 35 (1) ◽  
pp. 23-40 ◽  
Author(s):  
Patryk Galuszka ◽  
Katarzyna M. Wyrzykowska
Keyword(s):  
Empirical Evidence ◽  
Qualitative Data ◽  
Point Of View ◽  
Brand Names ◽  
Niche Markets ◽  
Market Conditions ◽  
Economic Point ◽  
Commercial Exploitation ◽  
The Relationship

AbstractFrom an economic point of view, the business of record labels until recently boiled down to managing a portfolio of artists, with successful stars bringing the label enough money to recoup investments in market flops. The decline in record sales has called this model into question and forced labels to look for new sources of revenue. Employing qualitative data gathered in Poland, this paper demonstrates how labels react to adverse market conditions and what determines these reactions. The paper shows that these reactions include the monetisation of the relationship that a label has with artists through signing 360° deals, the commercial exploitation of artists’ brand names, and concentration on niche markets, either foreign or format-based (e.g. the market for vinyl). The paper concludes that record labels, regardless of which approach they choose to deal with the adverse market conditions, still think in terms of managing a portfolio of artists. What is more, there is no universal strategy which can be applied by every label to deal with declining record sales.

Does integration lead to lower costs of equity?

2016 ◽  
Vol 42 (1) ◽  
pp. 86-112
Author(s):  
Jessica Dye ◽  
Aaron Gilbert ◽  
Gail Pacheco
Keyword(s):  
Empirical Evidence ◽  
Market Integration ◽  
Lower Cost ◽  
World Market ◽  
Equity Market ◽  
Equity Capital ◽  
Cost Of Equity Capital ◽  
Cost Of Equity ◽  
Market Conditions ◽  
Firm Level

Recent evidence has suggested that the benefits of equity market integration may not be shared equally by all firms. Making use of a firm-level measure of integration we investigate whether one of the documented benefits of equity market integration, lower cost of equity capital (COEC), holds for all Australian firms. Empirical evidence suggests that the degree of integration is reflected in firm COEC, albeit not in the expected way. Our results indicate that increased integration at the firm level leaves firms exposed to higher COEC when world market conditions are volatile.

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