Housing Search and Consumption Adjustment,
RAND CORP SANTA MONICA CA
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This paper has two principal functions First, to introduce a model for analyzing the effects of search on moving behavior second, to present results suggesting how search procedures can affect moving behavior. Because the research from which these results are drawn is in its early stages, these results are not intended as tests of the underlying model rather, they are designed to provide evidence on two assumptions underlying this analysis First, that different households use different search strategies second, that those search strategies can affect residential mobility outcomes. The next section, introducing the theoretical framework, begins with a discussion of the concepts underlying the model, compares this framework with others in the literature, and presents a three-stage search model. The following section describes the data base and presents some preliminary results. The final section summarizes those results and their implications for both substantive and policy issues.