A general equilibrium spatial model of housing quality and quantity

Richard Arnott; Ralph Braid; Russell Davidson; David Pines

doi:10.1016/S0166-0462(98)00035-0

A general equilibrium spatial model of housing quality and quantity

Richard Arnott^*, Ralph Braid, Russell Davidson, David Pines

^*Corresponding author for this work

School of Economics

Research output: Contribution to journal › Article › peer-review

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.

Original language	English
Pages (from-to)	283-316
Number of pages	34
Journal	Regional Science and Urban Economics
Volume	29
Issue number	3
DOIs	https://doi.org/10.1016/S0166-0462(98)00035-0
State	Published - 1 May 1999

Keywords

Durable housing
General equilibrium
Monocentric city
Stationary state

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1016/S0166-0462(98)00035-0

Cite this

@article{ad737dd655324df6979f063a90fb9ce1,

title = "A general equilibrium spatial model of housing quality and quantity",

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 = "Durable housing, General equilibrium, Monocentric city, Stationary state",

author = "Richard Arnott and Ralph Braid and Russell Davidson and David Pines",

note = "Funding Information: Funding for this research from the Canada Mortgage and Housing Corporation and the Foerder Institute for Economic Research, as well as helpful comments from Konrad Stahl and two referees, are gratefully acknowledged.",

year = "1999",

month = may,

day = "1",

doi = "10.1016/S0166-0462(98)00035-0",

language = "אנגלית",

volume = "29",

pages = "283--316",

journal = "Regional Science and Urban Economics",

issn = "0166-0462",

publisher = "Elsevier",

number = "3",

}

TY - JOUR

T1 - A general equilibrium spatial model of housing quality and quantity

AU - Arnott, Richard

AU - Braid, Ralph

AU - Davidson, Russell

AU - Pines, David

N1 - Funding Information: Funding for this research from the Canada Mortgage and Housing Corporation and the Foerder Institute for Economic Research, as well as helpful comments from Konrad Stahl and two referees, are gratefully acknowledged.

PY - 1999/5/1

Y1 - 1999/5/1

N2 - 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.

AB - 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.

KW - Durable housing

KW - General equilibrium

KW - Monocentric city

KW - Stationary state

UR - http://www.scopus.com/inward/record.url?scp=0032979152&partnerID=8YFLogxK

U2 - 10.1016/S0166-0462(98)00035-0

DO - 10.1016/S0166-0462(98)00035-0

M3 - מאמר

AN - SCOPUS:0032979152

VL - 29

SP - 283

EP - 316

JO - Regional Science and Urban Economics

JF - Regional Science and Urban Economics

SN - 0166-0462

IS - 3

ER -

A general equilibrium spatial model of housing quality and quantity

Abstract

Keywords

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this