Arguments about sustainable urban form have generally been in normative terms without recourse to its practicality. The paper shows that the essential elements of urban form are outcomes of real estate markets. The focus of the research is to examine the economic sustainability constraints to...

There have been relatively few attempts to construct local housing market models in the United Kingdom—particularly models with an explicit treatment of land supply. In this paper we report the results of a pilot study designed to test the practicability of estimating a system of equations...

This paper addresses the structural change in a local urban housing market within a submarket framework. There is a voluminous literature examining the economic structure and operation of urban housing submarkets, with much of the associated empirical work based on static cross-sectional...