Provision of fitting-out as a response to the presence of heterogeneous homebuyers: An empirical study
The decision of whether fitting-out shall be provided in residential units in China is an interesting area never explored. This paper proposes that the provision of fitting-out is a response to the presence of heterogeneous homebuyers who have different preferences for uniform fitting-out. A simple...
| Main Author: | |
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| Format: | Journal Article |
| Published: |
Elsevier
2011
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| Online Access: | http://hdl.handle.net/20.500.11937/14454 |
| _version_ | 1848748626854019072 |
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| author | Yung, Ping |
| author_facet | Yung, Ping |
| author_sort | Yung, Ping |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | The decision of whether fitting-out shall be provided in residential units in China is an interesting area never explored. This paper proposes that the provision of fitting-out is a response to the presence of heterogeneous homebuyers who have different preferences for uniform fitting-out. A simple model has been developed to illustrate the economics underlying the decision whether fitting-out will be provided. The consumer and supplier welfare are also analyzed. Hypotheses were formulated and evaluated with a probit model. The data included 162 residential developments that were sold in Beijing in 2007. The results showed that the provision of fitting-outs does have a pattern, thereby confirming the existence of heterogeneity in consumer preferences. |
| first_indexed | 2025-11-14T07:08:02Z |
| format | Journal Article |
| id | curtin-20.500.11937-14454 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T07:08:02Z |
| publishDate | 2011 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-144542017-02-28T01:26:24Z Provision of fitting-out as a response to the presence of heterogeneous homebuyers: An empirical study Yung, Ping The decision of whether fitting-out shall be provided in residential units in China is an interesting area never explored. This paper proposes that the provision of fitting-out is a response to the presence of heterogeneous homebuyers who have different preferences for uniform fitting-out. A simple model has been developed to illustrate the economics underlying the decision whether fitting-out will be provided. The consumer and supplier welfare are also analyzed. Hypotheses were formulated and evaluated with a probit model. The data included 162 residential developments that were sold in Beijing in 2007. The results showed that the provision of fitting-outs does have a pattern, thereby confirming the existence of heterogeneity in consumer preferences. 2011 Journal Article http://hdl.handle.net/20.500.11937/14454 Elsevier restricted |
| spellingShingle | Yung, Ping Provision of fitting-out as a response to the presence of heterogeneous homebuyers: An empirical study |
| title | Provision of fitting-out as a response to the presence of heterogeneous homebuyers: An empirical study |
| title_full | Provision of fitting-out as a response to the presence of heterogeneous homebuyers: An empirical study |
| title_fullStr | Provision of fitting-out as a response to the presence of heterogeneous homebuyers: An empirical study |
| title_full_unstemmed | Provision of fitting-out as a response to the presence of heterogeneous homebuyers: An empirical study |
| title_short | Provision of fitting-out as a response to the presence of heterogeneous homebuyers: An empirical study |
| title_sort | provision of fitting-out as a response to the presence of heterogeneous homebuyers: an empirical study |
| url | http://hdl.handle.net/20.500.11937/14454 |