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Qualitative models for analysing housing market dynamics

  • Housing Market Dynamics
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Papers of the Regional Science Association

Abstract

The paper examines housing market dynamics by means of qualitative models chosen from the elementary catastrophes listed in Thom's Classification Theorem. The first model refers to the cusp catastrophe and hence contains one state variable and two parameters; the second, the butterfly catastrophe, consists of one state variable and four parameters. We present an empirical application of the model using aggregate data for Turin.

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Authors and Affiliations

  1. Dipartimento di Matematica Politecnico di Torino, viale Mattioli 39, 10125, Torino, Italy

    Manfredo Montagnana

  2. Dipartimento di Casa-Cittá Politecnico di Torino, viale Mattioli 39, 10125, Torino, Italy

    Franco Prizzon & Ferruccio Zorzi

Authors
  1. Manfredo Montagnana
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  2. Franco Prizzon
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  3. Ferruccio Zorzi
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Montagnana, M., Prizzon, F. & Zorzi, F. Qualitative models for analysing housing market dynamics. Papers of the Regional Science Association 69, 153–165 (1990). https://doi.org/10.1007/BF01933902

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  • DOI: https://doi.org/10.1007/BF01933902

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