A FALL IN CONSTRUCTION COSTS CAN RAISE HOUSING RENTS

被引：3

作者：

ANAS, A ^{[1
]}

ARNOTT, RJ ^{[1
]}

机构：

[1] BOSTON COLL, CHESTNUT HILL, MA 02167 USA

来源：

ECONOMICS LETTERS | 1993年 / 41卷 / 02期

关键词：

D O I：

10.1016/0165-1765(93)90201-M

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In all familiar housing market models, a drop in construction costs expands the housing stock and lowers rent. This letter presents an alternative model in which a fall in construction costs can raise housing rents. The mechanism is as follows. A fall in construction costs relative to maintenance costs shortens building life; with fixed land and fixed lag between demolition and reconstruction, built-up land drops and with fixed density, housing stock drops too. This paradoxical result points to the potential importance of incorporating land into housing models.

引用

页码：221 / 224

页数：4

共 8 条

[1]

ANAS A, 1993, IN PRESS J URBAN EC

[2]

[Anonymous], 1969, CITIES HOUSING

[3] THE INCIDENCE OF THE CORPORATION INCOME-TAX [J].