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- W2010912948 abstract "Theory of economic choice behavior is applied to construct a dynamic model of residential change at the neighborhood scale. The utility of a neighborhood depends on the investor's decisions, and two different specifications are considered. In the first, these decisions result from a strategy fixed a priori. The model can then be easily studied. The second is concerned with the simplified case of a single neighborhood and supposes that the housing price and quality are dependent on maintenance expenditures viewed as a function of the number of individuals living in the neighborhood. It is then shown how different processes of residential change can be generated by purely economic factors." @default.
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- W2010912948 title "Residential change and economic choice behavior" @default.
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- W2010912948 doi "https://doi.org/10.1016/0166-0462(85)90023-7" @default.
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