Speculating on Home Improvements
We develop a speculation-based theory of home improvements. Housing services are produced from a mix of land and structures. Homeowners have an option to increase their structures (i.e. make improvements) holding fixed their land. Speculative improvements arise because overconfident homeowners mista...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2014
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/3281 https://ink.library.smu.edu.sg/context/lkcsb_research/article/4280/viewcontent/Choi_SpeculatingHomeImprovements.pdf |
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| Institution: | Singapore Management University |
| Language: | English |