A Field Theory Of House Prices
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Author | : Marko Hannonen |
Publisher | : Suomen E-painos Oy |
Total Pages | : 74 |
Release | : |
Genre | : Mathematics |
ISBN | : 9526613368 |
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.
Author | : Marko Hannonen |
Publisher | : Suomen E-painos Oy |
Total Pages | : 57 |
Release | : |
Genre | : Mathematics |
ISBN | : 952661366X |
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.
Author | : Marko Hannonen |
Publisher | : Suomen E-painos Oy |
Total Pages | : 51 |
Release | : |
Genre | : Mathematics |
ISBN | : 9526613767 |
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.
Author | : Marko Hannonen |
Publisher | : Suomen E-painos Oy |
Total Pages | : 50 |
Release | : |
Genre | : Mathematics |
ISBN | : 9526613678 |
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.
Author | : Josh Ryan-Collins |
Publisher | : Zed Books Ltd. |
Total Pages | : 306 |
Release | : 2017-02-28 |
Genre | : Business & Economics |
ISBN | : 1786991217 |
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.
Author | : James Albright |
Publisher | : Springer |
Total Pages | : 311 |
Release | : 2017-10-16 |
Genre | : Social Science |
ISBN | : 9811053855 |
Highlighting the conceptual work at the heart of Pierre Bourdieu’s reflexive sociology, this cutting edge collection operationalizes Bourdieusian concepts in field analysis. Offering a unique range of explorations and reflections utilizing field analysis, the eighteen chapters by prominent Bourdieusian scholars and early career scholars synthesize key insights and challenges scholars face when going ‘beyond the fields we know’. The chapters offer examples from discipline contexts as diverse as cultural studies, poetry, welfare systems, water management, education, journalism and surfing and provide demonstrations of theorizing within practical examples of field analysis. One of the foremost social philosophers and sociologists of the twentieth century, Bourdieu is widely known in cultural studies and education and his approaches are increasingly being taken up in health, social work, anthropology, family studies, journalism, communication studies and other disciplines where an analysis of the interplay between individuals and social structures is relevant. With its unique interdisciplinary focus, this book provides a useful guide to doing field analysis and working with Bourdieusian methods research, as well as key reading for methodology courses at post-graduate level.
Author | : Miao Qiao |
Publisher | : Springer Nature |
Total Pages | : 231 |
Release | : 2021-02-09 |
Genre | : Computers |
ISBN | : 3030693775 |
This book constitutes the refereed proceedings of the 32nd Australasian Database Conference, ADC 2021, held in Dunedin, New Zealand, in January/February 2021. The 17 full papers presented were carefully reviewed and selected from 21 submissions. The Australasian Database Conference is an annual international forum for sharing the latest research advancements and novel applications of database systems, data-driven applications, and data analytics between researchers and practitioners from around the globe, particularly Australia and New Zealand. ADC shares novel research solutions to problems of todays information society that fullfil the needs of heterogeneous applications and environments and to identify new issues and directions for future research and development work.
Author | : Keith Jacobs |
Publisher | : Edward Elgar Publishing |
Total Pages | : 639 |
Release | : 2024-08-06 |
Genre | : Social Science |
ISBN | : 1800375972 |
This dynamic Research Handbook explores key perspectives, topics and methodologies used to understand housing, the home and society. Pairing social theory with a broad range of case studies from the Global North and South, it offers a unique insight into the field.
Author | : Thomas G. Thibodeau |
Publisher | : Springer Science & Business Media |
Total Pages | : 266 |
Release | : 1997-03-31 |
Genre | : Business & Economics |
ISBN | : 9780792398837 |
This book contains a special issue of the Journal of Real Estate Finance and Economics, comprising thirteen articles on house price measurement. These articles address the various procedures used to compute cross-sectional or temporal house price indices. Specifically, these articles contain research that: (1) evaluates hedonic, repeat sales, or hybrid approaches to constructing house price indices; (2) evaluates alternative sources of data on house prices and corresponding housing characteristics; (3) identifies the most influential land, structural, neighborhood, and proximity determinants of house prices (and associated changes in house prices); (4) provides a methodology for identifying housing market segments; (5) incorporates spatial autocorrelation in house price indices; and (6) provides more accurate estimates of the variance in house prices.
Author | : B. E. Baaquie |
Publisher | : Cambridge University Press |
Total Pages | : 717 |
Release | : 2018-08-23 |
Genre | : Business & Economics |
ISBN | : 1108423159 |
This book provides an introduction to how the mathematical tools from quantum field theory can be applied to economics and finance. Providing a range of quantum mathematical techniques for designing financial instruments, it demonstrates how a range of topics have quantum mechanical formulations, from asset pricing to interest rates.