across locations. Since the spatial no arbitrage condition is inherently imprecise, other economists have turned to different … no arbitrage conditions, such as the prediction that individuals must be indifferent between owning and renting. This … paper argues the predictions from these non-spatial, financial no arbitrage conditions are also quite imprecise. Owned homes …

across locations. Since the spatial no arbitrage condition is inherently imprecise, other economists have turned to different … no arbitrage conditions, such as the prediction that individuals must be indifferent between owning and renting. This … paper argues the predictions from these non-spatial, financial no arbitrage conditions are also quite imprecise. Owned homes …

across locations. Since the spatial no arbitrage condition is inherently imprecise, other economists have turned to different … no arbitrage conditions, such as the prediction that individuals must be indifferent between owning and renting. This … paper argues the predictions from these non-spatial, financial no arbitrage conditions are also quite imprecise. Owned homes …

across locations. Since the spatial no arbitrage condition is inherently imprecise, other economists have turned to different … no arbitrage conditions, such as the prediction that individuals must be indifferent between owning and renting. This … paper argues the predictions from these non-spatial, financial no arbitrage conditions are also quite imprecise. Owned homes …