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Paper eres2003_134:
What do you get from living out of Town? A Study on Housing Rent Gradient and Household Utility Change

id eres2003_134
authors Choi, Hak
year 2003
title What do you get from living out of Town? A Study on Housing Rent Gradient and Household Utility Change
source 10th European Real Estate Society Conference (10-13 June 2003) Helsinki, Finland
summary 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.
keywords Housing Economics; Utility Analysis; Rent Gradient
series ERES:conference
email hakchoi@ms1.ydu.edu.tw
discussion No discussions. Post discussion ...
ratings
session Session 3, Housing Economics 1
last changed 2008/12/29 19:09
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