Skip to main content
SpringerLink
Log in

Search and mobility in a housing market with limited supply

  • Published:
The Annals of Regional Science Aims and scope Submit manuscript

Abstract

In this paper, a non-linear dynamic model is presented for a housing market in which various types of households and dwellings are distinguished. The model is based on a stock-flow framework, in which households have to cope with incomplete information when searching for dwellings. The model includes life-cycle patterns (social mobility, ageing) as well as stochastic dwelling preferences. Simulations are carried out with the model to investigate its properties (existence of stationary states, etc.) under various conditions of housing supply. Special attention is paid to vacancy rates, duration of residence, and length of vacancy chains.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

References

  1. Anas, A. and Cho, J. R., A Model of the Regulated Housing Market: The Stockholm Prototype, paper presented at the Summer Institute, Umea, 1986.

  2. Clark, W. A. V. (ed.),Modelling Housing Market Search, Croom Helm, London, 1982.

    Google Scholar 

  3. Clark, W. A. V. and W. F. J. van Lierop, Residential Mobility and Household Location Modelling, in: P. Nijkamp (ed.),Handbook of Regional Economics, 1987.

  4. Debreu, G.,Theory of Value, Yale University Press, New Haven, 1959.

    Google Scholar 

  5. Haag, G. and W. Weidlich, A Stochastic Theory of Interregional Migration,Geographical Analysis, vol. 16, 1984, pp. 331–357.

    Google Scholar 

  6. Hirsch, M. W. and Smale, S.,Differential Equations, Dynamical Systems and Linear Algebra, Academic Press, New York, 1974.

    Google Scholar 

  7. Porell, F. W.,Models of Intraurban Residential Relocation, Kluwer-Nijhoff Publ., Boston, 1982.

    Google Scholar 

  8. Rietveld, P., Vacancies and Mobility in the Housing Market: An Exploratory Analysis,Environment and Planning A, vol. 16, 1984, pp. 673–687.

    Google Scholar 

  9. Rima, A., L. van Wissen, A Dynamic Model for Household Relocation North-Holland, Amsterdam, 1988 (in press).

    Google Scholar 

  10. Rogers, A.Introduction to Multiregional Mathematical Demography, Wiley, New York, 1975.

    Google Scholar 

  11. Snickars, F., A Dynamic Stock-Flow Model of a Regulated Housing Market, in: A. Karlqvist, L. Lundqvist, F. Snickars and J. W. Weibull (eds.),Spatial Interaction Theory and Planning Models, North Holland, Amsterdam, 1978, pp. 157–175.

    Google Scholar 

  12. Weibull, J. W., A Dynamic Model of Trade Frictions and Disequilibrium in the Housing Market,Scandinavian Journal of Economics, vol. 3, 1986, pp. 373–392.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Department of Economics, Free University, P.O. Box 7161, 1007, MC- Amsterdam, The Netherlands

    Jan Rouwendal & Piet Rietveld

Authors
  1. Jan Rouwendal
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Piet Rietveld
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and permissions

About this article

Cite this article

Rouwendal, J., Rietveld, P. Search and mobility in a housing market with limited supply. Ann Reg Sci 22, 80–98 (1988). https://doi.org/10.1007/BF01283654

Download citation

  • Issue Date:

  • DOI: https://doi.org/10.1007/BF01283654

Keywords

Search

Navigation