Teaching the DiPasquale-Wheaton Model

Joseph S. DeSalvo

Journal of Real Estate Practice and Education, 2017, vol. 20, issue 1, 1-25

Abstract: The DiPasquale-Wheaton (1992) model graphically determines rental price, asset price, newly constructed stock, and total stock in a real estate market. Despite its frequent use in academic research, few textbooks exposit the model. I conjecture this is due in part to the difficulty of deriving its comparative static results. I derive a supply curve that simplifies graphical analysis and perform a complete graphical comparative static analysis. Although the main objective of this paper is to encourage pedagogical usage of the model, an Appendix provides a mathematical derivation of the comparative static results, which has not heretofore appeared in the literature.

Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2017.12091767 (text/html)
Access to full text is restricted to subscribers.

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:taf:rjrpxx:v:20:y:2017:i:1:p:1-25

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjrp20

DOI: 10.1080/10835547.2017.12091767

Access Statistics for this article

Journal of Real Estate Practice and Education is currently edited by Reid Cummings

More articles in Journal of Real Estate Practice and Education from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().