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Appariements sur le marché du logement

  • Gabriel DESGRANGES
  • Étienne WASMER

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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File URL: http://www.jstor.org/stable/20076236
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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, Tayfun, 1996. "Implementation in generalized matching problems," Journal of Mathematical Economics, Elsevier, vol. 26(4), pages 429-439.
  2. 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, vol. 15(3), pages 223-37, November.
  3. Thies, Clifford F, 1993. "Rent Control with Rationing by Search Costs: A Note," The Journal of Real Estate Finance and Economics, Springer, vol. 7(2), pages 159-65, September.
  4. Burda, Michael C & Wyplosz, Charles, 1993. "Gross Worker and Job Flows in Europe," CEPR Discussion Papers 868, C.E.P.R. Discussion Papers.
  5. Rosenthal, Leslie, 1997. "Chain-Formation in the Owner-Occupied Housing Market," Economic Journal, Royal Economic Society, vol. 107(441), pages 475-88, March.
  6. 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.
  7. Yinger, John, 1981. "A Search Model of Real Estate Broker Behavior," American Economic Review, American Economic Association, vol. 71(4), pages 591-605, September.
  8. Olivier Jean Blanchard & Peter A. Diamond, 1989. "The Aggregate Matching Function," NBER Working Papers 3175, National Bureau of Economic Research, Inc.
  9. 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.
  10. Anas, Alex, 1997. "Rent Control with Matching Economies: A Model of European Housing Market Regulation," The Journal of Real Estate Finance and Economics, Springer, vol. 15(1), pages 111-37, July.
  11. 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, vol. 19(4), pages 532-547.
  12. Fujita,Masahisa, 1991. "Urban Economic Theory," Cambridge Books, Cambridge University Press, number 9780521396455.
  13. Colin Read, 1988. "Advertising and Natural Vacancies in Rental Housing Markets," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(4), pages 354-363.
  14. André Grimaud, 1990. "Boîte d'Edgeworth et théorie de la localisation," Revue Économique, Programme National Persée, vol. 41(3), pages 531-546.
  15. Read, Colin, 1993. "Tenants' search and vacancies in rental housing markets," Regional Science and Urban Economics, Elsevier, vol. 23(2), pages 171-183, April.
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