IDEAS home Printed from https://ideas.repec.org/a/eee/juecon/v5y1978i3p293-304.html
   My bibliography  Save this article

The reduced form price elasticity of housing

Author

Listed:
  • Arnott, Richard

Abstract

This paper focusses on the supply side of the housing market. Two new elasticities are introduced. The elasticity of supply of structures on a fixed area of land relates the increase in the average cost of building structures to structural density. The reduced form price elasticity of housing on a fixed area of land characterizes the relationship between the equilibrium price of housing and equilibrium housing density as land price varies. Finally, there is a discussion of the correct modelling strategy to determine the effects of a housing subsidy, an increase in the property tax, on housing prices in a city. A simple, general equilibrium model of the city is required.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Arnott, Richard, 1978. "The reduced form price elasticity of housing," Journal of Urban Economics, Elsevier, vol. 5(3), pages 293-304, July.
    • Handle: RePEc:eee:juecon:v:5:y:1978:i:3:p:293-304
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/0094-1190(78)90012-8
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    More about this item

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L68 - Industrial Organization - - Industry Studies: Manufacturing - - - Appliances; Furniture; Other Consumer Durables

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:juecon:v:5:y:1978:i:3:p:293-304. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622905 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.