House price modeling has been frequently used to investigate the dynamics of housing markets, especially competitive markets; yet less attention has been given to markets that have experienced considerable interventions. The aim of this study is to demonstrate a mismatch between conventional house price models and the case of the Netherlands and to provide reasons of such mismatch. We first describe and classify the conventional house price models into asset-pricing house price model, stock-flow model, multi-period utility model, and repayment model. These models are subsequently applied to the Netherlands, where considerable government interventions took place. As expected, the empirical results are unsatisfactory to explain the Dutch house price development. The degree of mismatch of the repayment model and the multi-period utility model, however, seems to be fairly limited.

中文翻译：

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常规房价模型与规范市场之间的不匹配：荷兰的见解。

房价建模经常被用来调查房地产市场的动态，尤其是竞争性市场。但是，对已经进行了大量干预的市场的关注却很少。这项研究的目的是证明传统房价模型与荷兰案例之间的不匹配，并提供这种不匹配的原因。我们首先将常规的房价模型描述和分类为资产定价的房价模型，库存流模型，多期效用模型和还款模型。这些模型随后被应用于荷兰，在那里荷兰政府进行了大量干预。不出所料，实证结果不能令人满意地解释荷兰房价的发展。还款模型与多期效用模型的不匹配程度，