英文摘要 |
Two choice decision models were empirically compared in the study. The first model is the housing choice decision faced by households. Based on the utility measurement of housing consumption, household chooses the one with maximum utility among the housing alternatives. The model is well known as McFadden's logit model. The other model is the household's bid auction decision on the given housing unit. Facing a housing unit with given attributes, every household offers the bid price which is willing to pay according to the household's socioeconomic characteristics. The success of a housing transaction ill the market implies a choice match of a household's housing choice and the household's bid auction on the same housing unit. To compare the two models, we computed the elasticity of choice probability with respect to the household's remaining-income, which is computed by the household income net off the housing consumption cost. Ill this study, empirical data is selected from the transaction survey of newly constructed housing in Tainan area, in 1999. Our results indicated that the increase in household's remaining-income, increases the choice probability on high quality housing while reducing on the low quality housing. The finding is consistent in both models. |