Housing markets with indivisibilities

Mamoru Kaneko

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27 Citations (Scopus)

Abstract

A model of a rental housing market in which houses are treated as indivisible commodities is presented. A recursive equation that determines a competitive equilibrium is provided, and it is argued that this competitive equilibrium is representative of the set of all competitive equilibria. Using this representative equilibrium, several propositions on comparative statics are considered that have to do with how the competitive rents change when certain parameters of the model change.

Original languageEnglish
Pages (from-to)22-50
Number of pages29
JournalJournal of Urban Economics
Volume13
Issue number1
DOIs
Publication statusPublished - 1983
Externally publishedYes

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ASJC Scopus subject areas

  • Economics and Econometrics

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