A CONJOINT-BASED SIMULATION-MODEL OF HOUSING-MARKET CLEARING PROCESSES - THEORY AND ILLUSTRATION

Conjoint models of housing preferences typically derive preference fun ctions from consumer responses to profiles of housing attributes gener ated experimentally. It is not readily evident how such housing prefer ences can be used to simulate actual housing choice. In this paper we provide conceptual considerations to link conjoint preferences to actu al behaviour and discuss the principles of a simulation model. We illu strate the approach using as our example the effects of a rental subsi dy on potential mobility.