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Title:A dynamic model of housing production / BEBR No.555
Author(s):Brueckner, Jan K.
Contributor(s):University of Illinois at Urbana-Champaign. College of Commerce and Business Administration
Subject(s):Economics.
Issue Date:Mar 30 197
Publisher:[Urbana, Ill.] : College of Commerce and Business Administration, University of Illinois at Urbana-Champaign,
Series/Report:Faculty working papers ; no. 555
Type:Text
Language:English
Description:Includes bibliographical references (p. [23]).
"This paper derives the optimal development strategy for a housing producer with perfect foresight in a steady-state environment where dwellings deteriorate as they age. Under the assumption of zero demolition costs, the solution is an infinite sequence of identical buildings. Building abandonment is shown to be possible with positive demolition costs. A solution highlighting the model's spatial properties is computed using Cobb-Douglas functions."
URI:http://hdl.handle.net/2142/26624
Rights Information:In copyright. Digitized with permission of the University of Illinois Board of Trustees. Contact digicc@library.illinois.edu for information.
Copyright Mar 30 1979 Board of Trustees University of Illinois.
Date Available in IDEALS:2011-09-15
Has Version(s):http://hdl.handle.net/10111/UIUCOCA:dynamicmodelofho555brue
http://www.archive.org/details/dynamicmodelofho555brue
Identifier in Online Catalog:327043
OCLC Identifier:(OCoLC)ocm05173927


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