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An assignment model of urban housing demand Mason, Greg C.

Abstract

A critical view of the literature on land rent and residential location is undertaken with special emphasis on the journey to work hypothesis. A housing demand model is constructed based upon the new demand theory advanced by K. J . Lancaster and an assignment model of housing developed by W. F. Smith. The model that is presented is a simple integer program that attempts to analyze housing demand given the assumption that both household and houses have unique and separable characteristics. These attributes of both the product and consumer are thought to affect the demand for different parts of the housing stock.

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