Gauvin, Laetitia; Vignes, Annick; Nadal, Jean-Pierre - In: Journal of Economic Dynamics and Control 37 (2013) 7, pp. 1300-1321
Addressing issues of social diversity, we introduce a model of housing transactions between agents who are heterogeneous in their willingness to pay. A key assumption is that agents' preferences for a location depend on both an intrinsic attractiveness and on the social characteristics of the...