Housing Economics focuses upon contemporary developments and the cutting edge of research in the field, although some reference to classic studies is also made. Part One: Understanding Housing Markets considers core topics in the microeconomics of housing markets, such as the determinants of housing demand, tenure choice and housing market search behaviour. Part Two: Housing Finance looks at the mechanisms of financing housing consumption in terms of the regulation and reform of the mortgage market, issues of default and the subprime mortgage crisis, and the link between housing finance and the broader macroeconomy. Part Three: House Price Dynamics and Methodological Questions encompasses two distinct topics. Firstly, it examines house price dynamics: in particular, it explores attempts to understand housing market bubbles. Secondly, it includes a selection of papers that reflect on how housing economists approach market analysis and illustrate the diversity of approaches deployed in the economic analysis of housing. Part Four: Housing in Context recognizes that housing markets need to be understood in context and examines some of the many ways in which housing markets are connected with other aspects of society and the economy. Part Five: Government and Policy considers the varying roles of government in the housing market: tax and subsidy; direct provision; and regulation
VOLUME 1: UNDERSTANDING HOUSING MARKETS Discrete Choice Modeling Of Urban Housing Markets: A Critical Review and Application - Judith Yates and Daniel Mackay Surprise and Housing Tenure Decisions in Great Britain - John Ermisch and Pamela Di Salvo Housing Market Segmentation - Allen Goodman and Thomas Thibodeau Structural Change in a Local Urban Housing Market - Chris Jones, Chris Leishman and Craig Watkins Estimating Equilibrium Housing Demand for 'Stayers' - Allen Goodman Urban Housing Markets: Theory and Policy - Christine Whitehead Contracting With Costly Tenants - Franz Hubert The Relative Performance of Real Estate Marketing Platforms: MLS versus FSBOMadison.com - Igal Hendel, Aviv Nevo and Francois Ortalo-Magne Loss Aversion and Seller Behaviour: Evidence from the Housing Market - David Genesove and Christopher Mayer Mistake GBP37: The Effect of Previously Encountered Prices on Current Housing Demand - Uri Simonsohn and George Loewenstein Markets and the Structure of the Housebuilding Industry: An International Perspective - Michael Ball The Long-Run Price Elasticity of Supply of New Residential Construction in the United States and the United Kingdom - Stephen Malpezzi and Duncan Maclennan Urban Growth and Housing Supply - Edward Glaeser, Joesph Gyourko and Raven Saks VOLUME 2: HOUSING FINANCE Asymmetries in Housing and Financial Market Institutions and EMU - Duncan Maclennan, John Muellbauer and Mark Stephens Markets and Using Finance - Veronica Warnock and Francis Warnock Mortgage Choice: What's the Point? - Richard Stanton and Nancy Wallace Credit Scoring and Mortgage Securization: Implications for Mortgage Rates and Credit Availability - Andrea Heuson, Wayne Passmore and Roger Sparks Just the Facts: An Initial Analysis of Subprime's Role in the Housing Crisis - Christopher Foote, Kristopher Gerardi and Paul Willen Understanding the Subprime Mortgage Crisis - Yuliya Demyanyk and Otto Van Hemert Mortgage Terminations, Heterogeneity and the Exercise of Mortgage Options - Yongheng Deng, John Quigley, and Robert van Order Hedging Housing Risk - Peter Englund, Min Hwang and John Quigley Owner-Occupied Housing as a Hedge Against Rent Risk - Todd Sinai and Nichola Souleles Index Revision, House Price Risk and the Market for House Price Derivatives - Yongheng Deng and John Quigley Moral Hazard in Home Equity Insurance - Robert Shiller and Allan Weiss Comparing Wealth Effects: The Stock Market versus the Housing Market - Karl Case, John Quigley and Robert Shiller House Prices, Money, Credit and the Macroeconomy - Charles Goodhart and Boris Hofmann VOLUME 3: PRICE DYNAMICS, METHODOLOGICAL Hedonic Pricing Models: A Selective and Applied Review - Stephen Malpezzi Capitalising the Value of Free Schools: The Impact of Supply Characteristics and Uncertainty - Paul Cheshire and Stephen Sheppard Housing Market Dynamics and the Future of Housing Prices - Denice Di Pasquale and William Wheaton House Price Dynamics: A Survey of Theoretical and Empirical Issues - Man Cho Booms and Busts in the UK Housing Market - John Muellbauer and Anthony Murphy Is there a Bubble in the Housing Market? - Karl Case and Robert Shiller Assessing High House Prices: Bubbles, Fundamentals and Misperceptions - Charles Himmelberg, Christopher Mayer and Todd Sinai Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints - Francois Ortalo-Magne and Sven Rady Where are the Speculative Bubbles in US Housing Markets? - Allen Goodman and Thomas Thidobeau The Story and the Model Done: An Evaluation of Mathematical Models of Rent Control - Hans Lind Social Behaviour as a Basis for Modelling the Urban Housing Market: A Review - David Meen and Geoffrey Meen Economics and Underdetermination: A Case Study of Urban Land and Housing Economics - Robert McMaster and Craig Watkins A Ran
