The Impact of Snob Effects on House Markets
| Autor: | Ti-Hao Huang, 黃帝皓 |
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| Rok vydání: | 2010 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 98 This dissertation establishes a two-stage game to discuss how the conspicuous consumption has an influence on the house markets, and see if the mansion tax levied by the government will be helpful to reduce house price overall. As the price competition is lessened when firms compete over more consumers whose preferences exhibit vanity, house price levels increase with the degree of vanity effects. Furthermore, we especially find that the mansion tax will pass the burden indirectly to the ordinary house price. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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