Saving and consumption in cities

David Frame

Journal of Urban Economics, 2013, vol. 73, issue 1, 111-124

Abstract: This paper examines urban residential location and rent determination within a city populated by consumers acting with perfect foresight. In this setting, the consumption and saving decisions of city residents are determined jointly with their choice of location, thereby offering an initial step to understanding how housing services influence non-durable consumption, and vice versa. Housing, supplied by profit-maximizing land owners, is distinguished from more non-descript varieties of durable consumption by the attributes and amenities it provides occupants. These attributes are limited in supply, indivisible, and distinguished by their location in geographic space and time of development.

Keywords: Housing; Housing rents; Intertemporal consumer choice (search for similar items in EconPapers)
JEL-codes: D9 E2 R2 R3 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0094119012000587
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:juecon:v:73:y:2013:i:1:p:111-124

DOI: 10.1016/j.jue.2012.08.001

Access Statistics for this article

Journal of Urban Economics is currently edited by S.S. Rosenthal and W.C. Strange

More articles in Journal of Urban Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().