IDEAS home Printed from https://ideas.repec.org/a/jre/issued/v25n42003p421-430.html
   My bibliography  Save this article

Interdependence Effects of Housing Abandonment and Renovation

Author

Listed:
  • Tammie X. Simmons-Mosley

    (California State University-Hayward, CA 94542-3022)

Abstract

This study uses a methodology for analyzing the interdependence effects of abandonment and renovation for profit-maximizing landlords. After using a Prisoners’ Dilemma game of abandonment to establish the existence of the interdependence phenomenon between internal rates of return, a Stackelberg framework is employed to model the interdependence effects of abandonment and renovation. The Stackelberg model appropriately defines the timing payoffs of the landlords’ operational decisions. This model shows that as long as one landlord does not abandon, the optimal decision for the other landlord is to renovate their property.

Suggested Citation

  • Tammie X. Simmons-Mosley, 2003. "Interdependence Effects of Housing Abandonment and Renovation," Journal of Real Estate Research, American Real Estate Society, vol. 25(4), pages 421-130.
    • Handle: RePEc:jre:issued:v:25:n:4:2003:p:421-430
    as

    Download full text from publisher

    File URL: http://pages.jh.edu/jrer/papers/pdf/past/vol25n04/04.421_430.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

    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:jre:issued:v:25:n:4:2003:p:421-430. 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: JRER Graduate Assistant/Webmaster (email available below). General contact details of provider: http://www.aresnet.org/ .

    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.