Modeling urban housing market dynamics: can the socio-spatial segregation preserve some social diversity?

From MaRDI portal
Publication:1994262

DOI10.1016/J.JEDC.2013.03.001zbMATH Open1402.91321arXiv1012.2606OpenAlexW2103829780MaRDI QIDQ1994262FDOQ1994262


Authors: Laetitia Gauvin, Annick Vignes, Jean-Pierre Nadal Edit this on Wikidata


Publication date: 1 November 2018

Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)

Abstract: Addressing issues of social diversity, we introduce a model of housing transactions between agents who are heterogeneous in their willingness to pay. A key assumption is that agents' preferences for a location depend on both an intrinsic attractiveness and on the social characteristics of the neighborhood. The stationary space distribution of income is analytically and numerically characterized. The main results are that socio-spatial segregation occurs if -- and only if -- the social influence is strong enough, but even so, some social diversity is preserved at most locations. Comparison with data on the Paris housing market shows that the results reproduce general trends of price distribution and spatial income segregation.


Full work available at URL: https://arxiv.org/abs/1012.2606




Recommendations




Cites Work


Cited In (5)





This page was built for publication: Modeling urban housing market dynamics: can the socio-spatial segregation preserve some social diversity?

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1994262)