Lux, Martin, Petr Sunega, Milada Kadlecová. 2011. „Bydlení a trh“. Pp. 18-48 in Lux, Martin, Tomáš Kostelecký (eds.). Bytová politika: teorie a inovace pro praxi. Praha: Sociologické nakladatelství SLON. 229 s. ISBN 978-80-7419-068-1.
Chapter describes housing as a specific part of market economy. The basic microeconomic theses are followed by principles and specific features of housing as a good that cause housing market rigidity and inefficiency. The chapter also describes different forms of house prices indices and gives a methodological overview of how changes in house prices (booms and busts) can be explained and how house price bubbles emerge.
Department
Themes
Housing, Public Policy
