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Appariements sur le marché du logement

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  • Gabriel DESGRANGES
  • Étienne WASMER

Abstract

This paper attempts to build a theory of rental housing markets in which search frictiona are made endogenous by a matching function between landlords and agents willing to rent. The rent is determined either according to a "Nash-bargaining" game between landlords and tenants, or fixed ex ante by the tenant. In both cases, we discuss the impact of the taxation of vacant apartments and show that protecting the tenants has an adverse effect on the outsiders, as on the labor market.

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Bibliographic Info

Article provided by ENSAE in its journal Annals of Economics and Statistics.

Volume (Year): (2000)
Issue (Month): 58 ()
Pages: 253-287

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Handle: RePEc:adr:anecst:y:2000:i:58:p:11

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  1. Sonmez, T., 1995. "Implementation in Generalized Matching Problems," Papers, Michigan - Center for Research on Economic & Social Theory 95-03, Michigan - Center for Research on Economic & Social Theory.
  2. Fujita,Masahisa, 1991. "Urban Economic Theory," Cambridge Books, Cambridge University Press, Cambridge University Press, number 9780521396455.
  3. Burda, Michael & Wyplosz, Charles, 1994. "Gross worker and job flows in Europe," European Economic Review, Elsevier, Elsevier, vol. 38(6), pages 1287-1315, June.
  4. Rosenthal, Leslie, 1997. "Chain-Formation in the Owner-Occupied Housing Market," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 107(441), pages 475-88, March.
  5. André Grimaud, 1990. "Boîte d'Edgeworth et théorie de la localisation," Revue économique, Presses de Sciences-Po, Presses de Sciences-Po, vol. 0(3), pages 531-546.
  6. Colin Read, 1988. "Advertising and Natural Vacancies in Rental Housing Markets," Real Estate Economics, American Real Estate and Urban Economics Association, American Real Estate and Urban Economics Association, vol. 16(4), pages 354-363.
  7. Colin Read, 1991. "A Price Dispersion Equilibrium in a Spatially Differentiated Housing Market with Search Costs," Real Estate Economics, American Real Estate and Urban Economics Association, American Real Estate and Urban Economics Association, vol. 19(4), pages 532-547.
  8. Read, Colin, 1993. "Tenants' search and vacancies in rental housing markets," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 23(2), pages 171-183, April.
  9. Anas, Alex, 1997. "Rent Control with Matching Economies: A Model of European Housing Market Regulation," The Journal of Real Estate Finance and Economics, Springer, Springer, vol. 15(1), pages 111-37, July.
  10. Thies, Clifford F, 1993. "Rent Control with Rationing by Search Costs: A Note," The Journal of Real Estate Finance and Economics, Springer, Springer, vol. 7(2), pages 159-65, September.
  11. Yinger, John, 1981. "A Search Model of Real Estate Broker Behavior," American Economic Review, American Economic Association, American Economic Association, vol. 71(4), pages 591-605, September.
  12. André Grimaud, 1990. "Boîte d'Edgeworth et théorie de la localisation," Revue Économique, Programme National Persée, Programme National Persée, vol. 41(3), pages 531-546.
  13. Read, Colin, 1997. "Vacancies and Rent Dispersion in a Stochastic Search Model with Generalized Tenant Demand," The Journal of Real Estate Finance and Economics, Springer, Springer, vol. 15(3), pages 223-37, November.
  14. Lundborg, Per & Skedinger, Per, 1999. "Transaction Taxes in a Search Model of the Housing Market," Journal of Urban Economics, Elsevier, vol. 45(2), pages 385-399, March.
  15. van Ommeren, Jos & Rietveld, Piet & Nijkamp, Peter, 1997. "Commuting: In Search of Jobs and Residences," Journal of Urban Economics, Elsevier, vol. 42(3), pages 402-421, November.
  16. Olivier Jean Blanchard & Peter A. Diamond, 1989. "The Aggregate Matching Function," NBER Working Papers 3175, National Bureau of Economic Research, Inc.
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Cited by:
  1. Bruno Decreuse & Benoît Schmutz & Alain Trannoy & Pierre-Philippe Combes, 2011. "The neighbor is king: Customer discrimination in the housing market," 2011 Meeting Papers, Society for Economic Dynamics 1187, Society for Economic Dynamics.
  2. John Mc Breen & Florence Goffette-Nagot & Pablo Jensen, 2011. "Information and Search on the Housing Market: An Agent-based Model," ERSA conference papers ersa11p1395, European Regional Science Association.
  3. Ménard, Sébastien, 2012. "Should we tax vacant dwellings? A search equilibrium model applied to the rental housing market," Economics Letters, Elsevier, Elsevier, vol. 117(1), pages 88-90.
  4. repec:spo:wpecon:info:hdl:2441/9023 is not listed on IDEAS
  5. Etienne Wasmer, 2005. "Housing market discrimination, housing regulations and intermediaries," Sciences Po publications, Sciences Po info:hdl:2441/9023, Sciences Po.

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