What do you get from living out of Town? – A Study on Housing Rent Gradient and Household Utility Change
||What do you get from living out of Town? – A Study on Housing Rent Gradient and Household Utility Change
||10th European Real Estate Society Conference (10-13 June 2003) Helsinki, Finland
||This paper investigates the effect of a move by a household to live away from city center. What do you get from living out of town? It is shown that while you get a lower rent, you also get a larger housing space. However, a surprising result is that your utility level is lowered. This refutes an assumption of traditional spatial theory that households are indifferent about location choice. This paper also offers a new view on the linearity of the housing rent gradient function. The gradient curve can be convex or has a mirrored-S shape.
||Housing Economics; Utility Analysis; Rent Gradient
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||Session 3, Housing Economics 1
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