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Persistent link: https://www.econbiz.de/10009710714
This paper examines urban residential location and rent determination within a city populated by consumers acting with perfect foresight. In this setting, the consumption and saving decisions of city residents are determined jointly with their choice of location, thereby offering an initial step...
Persistent link: https://www.econbiz.de/10013092359
This paper presents a model of a regional housing market where households choose among competing employment opportunities offered by cities within a given system. The equilibrium requirement imposed in the model requires that households be indifferent among all locations both within their...
Persistent link: https://www.econbiz.de/10013120029