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Two Markov Models of Neighborhood Housing Turnover

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  • G Gilbert

    (College of Technology, Department of Civil Engineering, University of New Hampshire, Durham, New Hampshire, USA)

Abstract

This paper develops two mathematical models of housing turnover in a neighborhood. The first of these draws upon the theory of non-homogeneous Markov processes and includes the effects of present neighborhood composition upon future turnover probabilities. The second model considers the turnover process as a Markov renewal process and therefore allows the inclusion of length of occupancy as a determinant of transition probabilities. Example calculations for both models are included, and procedures for using the models are outlined.

Suggested Citation

  • G Gilbert, 1972. "Two Markov Models of Neighborhood Housing Turnover," Environment and Planning A, , vol. 4(2), pages 133-146, June.
  • Handle: RePEc:sae:envira:v:4:y:1972:i:2:p:133-146
    DOI: 10.1068/a040133
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