Two Markov Models of Neighborhood Housing Turnover

G Gilbert
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G Gilbert: College of Technology, Department of Civil Engineering, University of New Hampshire, Durham, New Hampshire, USA

Environment and Planning A, 1972, vol. 4, issue 2, 133-146

Abstract: This paper develops two mathematical models of housing turnover in a neighborhood. The first of these draws upon the theory of non-homogeneous Markov processes and includes the effects of present neighborhood composition upon future turnover probabilities. The second model considers the turnover process as a Markov renewal process and therefore allows the inclusion of length of occupancy as a determinant of transition probabilities. Example calculations for both models are included, and procedures for using the models are outlined.

Date: 1972
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envira:v:4:y:1972:i:2:p:133-146

DOI: 10.1068/a040133

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