ANALYZING PARADOXES OF CUSTOMER BEHAVIOUR ON REAL ESTATE MARKET (illustrated by Armenia)
https://doi.org/10.21686/2413-2829-2017-4-23-31
Abstract
The foundation of the article was provided by the research which showed certain paradoxes in the law of demand and supply on real estate market. There are situations on this market when the law of demand and supply acts in the opposite direction, i. e. when increase in prices does not always lead to higher demand. The research done within the frames of this article showed that dynamic shifts on real estate market, which demonstrate cyclic nature are very important for studying economic phenomena in general on the national market. The author calculated the index of price flexibility on demand of real estate market.
About the Author
Leonid M. Mesropyan
Yerevan Branch of the Plekhanov Russian University of Economics
Armenia
Armenia
PhD, Assistant Professor of the Department for Economic Sciences of the Yerevan Branch of the PRUE, the Chairman of the Real Estate Information Center of Armenia.
5/2 Arzumanyana str., Yerevan, 0038
References
1. Gil'ferding R. Bem-Baverk kak kritik Marksa [Bem-Baverk as Marx's critic]. Moscow, Moskovskiy rabochiy, 1923. (In Russ.).
2. Kouz R. Firma, rynok i pravo [Company, the Market and Right]. Moscow, 1993. (In Russ.).
3. Mesropyan L. (E.) M. Analiz formirovaniya nekotorykh pokazateley rynochnykh instrumentov rynka nedvizhimosti [Analysis of the Formation of Some Indicators of Market Instruments Estate Market]. Ekonomicheskoe vozrozhdenie Rossii [Economic Revival of Russia], 2010, No. 4 (26), pp. 56–59. (In Russ.).
4. Sternik G. M. Otsenka nedvizhimosti na osnove metodologii diskretnogo prostranstvenno-parametricheskogo modelirovaniya rynka [Valuation of Real Estate Based on the Methodology of the Discrete Space-Parametric Market Modeling]. (In Russ.). Available at: http://masters.donntu.org/2012/igg/zheleznov/library/sternick.pdf
5. Cherkashenko V. N. Variatsii sprosa kak istochnik finansovykh riskov predpriyatiy (na primere zhiloy nedvizhimosti) [Variations in Demand as a Source of Financial Risk Enterprises (for example, residential real estate)]. (In Russ.). Available at: http://www.franklin-grant.ru/ru/pr/pdf/FG-presentation.20090810.pdf
Review
For citations:
Mesropyan L.M. ANALYZING PARADOXES OF CUSTOMER BEHAVIOUR ON REAL ESTATE MARKET (illustrated by Armenia). Vestnik of the Plekhanov Russian University of Economics. 2017;(4):23-31. (In Russ.) https://doi.org/10.21686/2413-2829-2017-4-23-31
Views:
419
Email this article 