par De Palma, André ;Lefèvre, Claude
Référence Regional science and urban economics, 15, 3, page (421-434)
Publication Publié, 1985-08
Article révisé par les pairs
Résumé : 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. © 1985.