A General Equilibrium Spatial Model of Housing Quality and Quantity
This paper examines the properties of stationary-state general equilibrium in a monocentric city with durable housing. On the demand side, identical households choose location, housing quality and quantity, and other goods. On the supply side, developers choose the structural density and time path of building quality. Under a certain set of assumptions, existence and uniqueness of equilibrium are proved, and its comparative static/dynamic properties determined.
Year of publication: |
1988
|
---|---|
Authors: | Arnott, Richard ; Braid, Ralph ; Davidson, Russell ; Pines, David |
Institutions: | Economics Department, Queen's University |
Saved in:
Saved in favorites
Similar items by person
-
Housing Quality and Maintenance
Arnott, Richard, (1980)
-
Unanticipated Shocks and the Maintenance And Replacement of Durable Goods
Arnott, Richard, (1982)
-
A general equilibrium spatial model of housing quality and quantity
Arnott, Richard, (1999)
- More ...