English, Article, Journal or magazine article edition: A General Equilibrium Spatial Model of Housing Quality and Quantity Richard Arnott; Ralph Braid; Russell Davidson; ...

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Bookmark: http://trove.nla.gov.au/version/73799
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A General Equilibrium Spatial Model of Housing Quality and Quantity
Author
  • Richard Arnott
  • Ralph Braid
  • Russell Davidson
  • David Pines
Physical Description
  • preprint
Notes
  • 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.
  • Housing, space
  • RePEc:boc:bocoec:307
Language
  • English
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