IGB

Connexion

(Article of periodic en Anglais - 1995)

Document title

Urban congestion and developer precommitments: unilateral solutions to dynamic inconsistency

Authors(s) and Affiliation(s)

RICHER J. ;

Abstract

The sale of housing creates a dynamic inconsistency problem for residential developers, who find it profit-maximising to overdevelop an area once ownership has been transferred to local residents. Rational buyers lower the prices they are willing to pay in expectation of this future congestion. It is therefore in the developers'interest to attract higher prices by credibly precommitting themselves to construction plans that are optimal for each housing tract

Source

Article of periodic

published at : Urban studies / ISSN 0042-0980

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

Millesime : 1995, vol. 32, no8 [pp. 1279-1291]

Bibliographic references : 15 ref.

Collation : Illustration ;

Language

Anglais

Localisation

Laboratoire INTERGEO - Paris

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 1996.
Refdoc record number (ud4) : 6317826 : Permanent link - XML version
Powered by Pxxo