A General Equilibrium Spatial Model of Housing Quality and Quantity

Richard Arnott, Ralph Braid, Russell Davidson and David Pines
Additional contact information
Ralph Braid: Wayne State University
David Pines: Tel-Aviv University

No 307., Boston College Working Papers in Economics from Boston College Department of Economics

Abstract: This paper examines the properties of stationary-state general equilibrium in a monocentric city with durable housing. On the demand side, identical households choose location, housing quality and quantity (floor area), and other goods. On the supply side, developers choose the structural density and time path of quality (which depends on construction quality and maintenance) of buildings. Under a certain set of assumptions, existence and uniqueness of equilibrium are proved, and its comparative static/dynamic properties are determined.

Keywords: Housing; space (search for similar items in EconPapers)
JEL-codes: R1 R2 (search for similar items in EconPapers)
Pages: 43 pages
Date: 1995-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: A general equilibrium spatial model of housing quality and quantity (1999)
Working Paper: A General Equilibrium Spatial Model of Housing Quality and Quantity (1988)
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Persistent link: https://EconPapers.repec.org/RePEc:boc:bocoec:307

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