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Paper: eres2003_134
| Paper title: | What do you get from living out of Town? – A Study on Housing Rent Gradient and Household Utility Change |
| Authors: | Choi, Hak |
| 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. |
| Type: | |
| Year of publication: | 2003 |
| Keywords: | Housing Economics; Utility Analysis; Rent Gradient |
| Series: | ERES:conference |
| Download paper: | |
| Citation: | Choi, Hak (2003). 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, http://itc.scix.net/paper/eres2003_134 |
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