IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v16y1984i5p615-628.html
   My bibliography  Save this article

On the Duality of Opportunity and Price in a Multisectoral Model of an Urban Housing Market

Author

Listed:
  • P C Emmi

    (Department of Geography, University of Utah, Salt Lake City, UT 84112, USA)

Abstract

Previously unrecognized relationships between housing opportunities, residential mobility, and housing prices are identified within a multisectoral model of vacancy transfers within a local housing market. The relationships are identified by presenting the vacancy-transfer model as a simple linear program. The primal program seeks a vector of vacancy transfers which minimizes the volume of new stock additions among market sectors required to satisfy a prespecified vector of primary vacancy demand. The dual program seeks a vector of shadow housing-prices which maximizes the value of units absorbed by primary demand while insuring that quasi-rents are driven to zero. Thus, a duality between vacancy transfers and housing price is identified, and the role of new stock development costs in housing price determination is defined.

Suggested Citation

  • P C Emmi, 1984. "On the Duality of Opportunity and Price in a Multisectoral Model of an Urban Housing Market," Environment and Planning A, , vol. 16(5), pages 615-628, May.
    • Handle: RePEc:sae:envira:v:16:y:1984:i:5:p:615-628
    DOI: 10.1068/a160615
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/a160615
    Download Restriction: no
    File URL: https://libkey.io/10.1068/a160615?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    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:sae:envira:v:16:y:1984:i:5:p:615-628. 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: SAGE Publications (email available below). General contact details of provider: .

    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.