Accessibility and Supply Constraints in the Urban Housing Market

M.J. Ball and R.M. Kirwan
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M.J. Ball: Department of Economics, Birkbeck College, University of London
R.M. Kirwan: School of Architecture and Urban Planning, University of California at Los Angeles

Urban Studies, 1977, vol. 14, issue 1, 11-32

Abstract: This paper discusses some of the chief influences on the urban housing market and their significance for economic analysis. It then looks comparatively at the 'trade-off' approach and the sub-markets approach. Results from an empirical study of owner-occupier housing in Bristol are presented. Although spatial clusters of households and housing types clearly emerged, the empirical tests showed that such spatial structures did not produce separate sub-markets with independent price structures. The data also confirmed a general tendency for unit prices to decline with distance from the centre, but the authors question the importance of the 'trade-off' theory's accessibility factor relative to historical features and planning policies.

Date: 1977
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Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:14:y:1977:i:1:p:11-32

DOI: 10.1080/00420987720080021

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