@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 B.V.",
number = "3",
}