Duality in comparative statics in rental housing markets with indivisibilities

Mamoru Kaneko*, Tamon Ito, Yu Ichi Osawa

*この研究の対応する著者

研究成果: Article査読

9 被引用数 (Scopus)

抄録

We present certain duality results on comparative statics on competitive rent vectors in the rental housing market model. In the model, apartments as indivisible goods are classified into a finite number of categories, and are traded for one composite commodity. Our concern is about certain general properties of the behavior of rents with parameter changes. In particular, the rent changes are intimately related to the boundary income changes of the categories of apartments. Both changes are endogenously determined in equilibrium. We will show that these changes exhibit nice dual structures. We will also apply our model and comparative statics to a rental housing market in the Tokyo metropolitan area.

本文言語English
ページ(範囲)142-170
ページ数29
ジャーナルJournal of Urban Economics
59
1
DOI
出版ステータスPublished - 2006 1月
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学

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