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What do you get from living out of Town? - A Study on Housing Rent Gradient and Household Utility Change

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  • Hak Choi

Abstract

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.

Suggested Citation

  • Hak Choi, 2003. "What do you get from living out of Town? - A Study on Housing Rent Gradient and Household Utility Change," ERES eres2003_134, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2003_134
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2003-134
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    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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