A Filtering Model with Steady-State Housing

Richard Arnott and Ralph Braid
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Ralph Braid: Wayne State University

No 301., Boston College Working Papers in Economics from Boston College Department of Economics

Abstract: This paper presents a filtering model of the housing market which is similar to Sweeney's (1974b), except that the maintenance technology is such that housing can be maintained at a constant quality level as well as downgraded, and population at each income level grows continuously over time. In equilibrium, at each moment of time, some housing is allowed to deteriorate in quality, and other housing is maintained in a steady-state interval of qualities.

Keywords: filtering; housing; maintenance (search for similar items in EconPapers)
JEL-codes: R2 (search for similar items in EconPapers)
Pages: 44 pages
Date: 1995-02
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Related works:
Journal Article: A filtering model with steady-state housing (1997)
Working Paper: A Filtering Model with Steady-State Housing (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:boc:bocoec:301

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