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Housing Quality, Maintenance and Rehabilitation

Richard Arnott (), Russell Davidson and David Pines

Review of Economic Studies, 1983, vol. 50, issue 3, 467-494

Abstract: This paper investigates a representative landlord's profit-maximization problem in a stationary economy. The landlord must decide on the quality of his housing units at the time of construction, maintenance expenditure over the life of the building, and the time of demolition or rehabilitation. The analysis can be applied to other problems with similar economic structure, notably equipment and durable good maintenance, overhaul and replacement.

Date: 1983
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Handle: RePEc:oup:restud:v:50:y:1983:i:3:p:467-494.