Housing markets with indivisibilities

Mamoru Kaneko

研究成果: Article査読

27 被引用数 (Scopus)

抄録

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.

本文言語English
ページ(範囲)22-50
ページ数29
ジャーナルJournal of Urban Economics
13
1
DOI
出版ステータスPublished - 1983
外部発表はい

ASJC Scopus subject areas

  • Economics and Econometrics

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