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Some Factors Explaining Variations in Rents of Downtown Apartments for 49 Cities of the World

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  • Paul K. Asabere

    (Bentley College, Waltham, Massachusetts, 02254)

  • Carl McGowan

    (Bentley College, Waltham, Massachusetts, 02254)

Abstract

There exists a substantial variation in apartment rents between cities of the world. Several factors must contribute to inter-city variations in rents. This paper presents an empirical identification and measurement of some of the relevant factors explaining the variations in rents between a sample of forty-nine cities. The results of our empirical analysis show that the variables which explain inter-city variations in rents are: population size, costs of public and private intra-urban transport, tax assessments, and social insurance contributions.

Suggested Citation

  • Paul K. Asabere & Carl McGowan, 1987. "Some Factors Explaining Variations in Rents of Downtown Apartments for 49 Cities of the World," Urban Studies, Urban Studies Journal Limited, vol. 24(4), pages 279-284, August.
    • Handle: RePEc:sae:urbstu:v:24:y:1987:i:4:p:279-284
    DOI: 10.1080/00420988720080451
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    References listed on IDEAS

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    1. Asabere, Paul K. & Owusu-Banahene, K., 1983. "Population density function for Ghanaian (African) cities: An empirical note," Journal of Urban Economics, Elsevier, vol. 14(3), pages 370-379, November.
    2. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    3. Roback, Jennifer, 1982. "Wages, Rents, and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1257-1278, December.
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