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(Article of periodic en Anglais - 2013)

Document title

Housing submarkets and the lattice of substitution

Authors(s) and Affiliation(s)

PRYCE G. (1) ;
(1) Dept. of Urban Studies, Univ., Glasgow, ROYAUME-UNI

Abstract

This paper analyses the micro-economic conceptualization of housing submarkets proposed by Rapkin and Grigsby, which defined market areas in terms of dwelling substitutability. Firstly, they address the following questions: what are the practical benefits? ; what way are existing approaches likely to be inadequate for demarcating substitutability-based submarkets? and what are the prospects for developing a substitutability metric that will make the Rapkin–Grigsby definition empirically feasible?. Then, a new measure is proposed, based on the cross-price elasticity of price (CPEP), which is illustrated using data for Glasgow, Scotland

Source

Article of periodic

published at : Urban studies / ISSN 0042-0980

Editor : Longman Group, Harlow - ROYAUME-UNI (1964)

Millesime : 2013, vol. 50, no13 [pp. 2689-2699]

Bibliographic references : 2 p.

Collation : 3 fig.

Language

Anglais

Digital Object Identifier

Go to electronic document thanks to its DOI : doi:10.1177/0042098013482502

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2013
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