Superstition, conspicuous spending, and housing market: Evidence from Singapore
We study the effect of superstition and conspicuous spending motives on housing demand and price in Singapore. We find that buyers pay less for homes with unlucky addresses and more for homes with lucky addresses. There were fewer housing transactions on inauspicious days of the lunar calendar when...
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| Main Authors: | , , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2020
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/6493 https://ink.library.smu.edu.sg/context/lkcsb_research/article/7492/viewcontent/final_submission_5Sep2018.pdf |
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| Institution: | Singapore Management University |
| Language: | English |