| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 962752 | Journal of Housing Economics | 2012 | 15 Pages |
Abstract
⺠We link the real estate model of Potepan (1996) to the spatial equilibrium model of Roback (1982). ⺠We prove the interdependencies of housing prices, rental prices, building land prices and income. ⺠We find significantly positive interaction effects of income and real estate prices. ⺠We confirm model predictions concerning the majority of exogenous determinants. ⺠Future population development seem to be important for disparities between regions in the long term.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Oliver Bischoff,