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the supply of owner-occupied housing, but can also contribute to gentrification associated with the inflow of different …
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We develop a dynamic stochastic equilibrium model of two locations within a city where heterogeneous households make joint location and tenure mode decisions. To investigate the effect of homeownership on equilibrium prices and allocations, we compare the response of this model economy to a...
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. The book proposes a shift from the currently dominant supply-side argument to an integrated, intersectoral and multi …
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or demand, respectively, is expected to be zero, as corresponding costs are already included in the warm rent. If the …
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We develop a dynamic stochastic equilibrium model of two locations within a city where heterogeneous households make joint location and tenure mode decisions. To investigate the effect of homeownership on equilibrium prices and allocations, we compare the response of this model economy to a...
Persistent link: https://www.econbiz.de/10001739593