Provision of fitting-out as a response to the presence of heterogeneous homebuyers: An empirical study
| dc.contributor.author | Yung, Ping | |
| dc.date.accessioned | 2017-01-30T11:43:55Z | |
| dc.date.available | 2017-01-30T11:43:55Z | |
| dc.date.created | 2014-11-19T01:13:25Z | |
| dc.date.issued | 2011 | |
| dc.identifier.citation | Yung, P. 2011. Provision of fitting-out as a response to the presence of heterogeneous homebuyers: An empirical study. Habitat International. 35: pp. 592-598. | |
| dc.identifier.uri | http://hdl.handle.net/20.500.11937/14454 | |
| dc.description.abstract |
The decision of whether fitting-out shall be provided in residential units in China is an interesting area never explored. This paper proposes that the provision of fitting-out is a response to the presence of heterogeneous homebuyers who have different preferences for uniform fitting-out. A simple model has been developed to illustrate the economics underlying the decision whether fitting-out will be provided. The consumer and supplier welfare are also analyzed. Hypotheses were formulated and evaluated with a probit model. The data included 162 residential developments that were sold in Beijing in 2007. The results showed that the provision of fitting-outs does have a pattern, thereby confirming the existence of heterogeneity in consumer preferences. | |
| dc.publisher | Elsevier | |
| dc.title | Provision of fitting-out as a response to the presence of heterogeneous homebuyers: An empirical study | |
| dc.type | Journal Article | |
| dcterms.source.volume | 35 | |
| dcterms.source.startPage | 592 | |
| dcterms.source.endPage | 598 | |
| dcterms.source.issn | 0197-3975 | |
| dcterms.source.title | Habitat International | |
| curtin.accessStatus | Fulltext not available |