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

DOI10.1016/J.JEDC.2013.03.001MaRDI QIDQ1994262zbMATH OpenOpenAlexFDO

Authors Laetitia Gauvin, Annick Vignes, Jean-Pierre Nadal

Publication date 1 November 2018

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

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

zbMATH Keywords

agent-based modelsocial diversityhousing market modelincome segregation

Mathematics Subject Classification ID

Economic dynamics (91B55) Heterogeneous agent models (91B69)

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.

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Cites work

• A DYNAMIC MODEL OF RESIDENTIAL SEGREGATION
• A STATISTICAL MODEL OF CRIMINAL BEHAVIOR
• Dynamic models of segregation†
• Endogenous neighborhood formation in a local coordination model with negative network externalities
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• Self-organised critical hot spots of criminal activity
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Cited in

(5)

• Segregation patterns for non-homogeneous locations in Schellings model
• A spatially extended model for residential segregation
• Transport and concentration of wealth: modeling an amenities-based-theory
• Exploring the effects of social preference, economic disparity, and heterogeneous environments on segregation
• Characterizing segregation in the schelling-voter model

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