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Perfect and Imperfect Competition in Land/Housing Markets

  • John R. Roy
Chapter
Part of the Advances in Spatial Science book series (ADVSPATIAL)

Abstract

As discussed in Sect. 2.1.1, land and housing demand has been extensively modelled in economics as a key part of the field of ‘urban economics’ developed by Mills, Alonso and others. However, the modelling of the supply of land and associated housing has been studied much less. This has occurred probably for two main reasons (i) the difficulty of modelling the oligopolistic nature of these markets and (ii) the occurrence of several sets of agents in the process whose behaviour is interdependent. In this chapter, an attempt is made to meet these two challenges. It draws directly from joint research performed by the author and Professor Francisco Martinez, University of Chile, who has led this work.1

Keywords

Demand Function Supply Function Imperfect Competition Unconstrained Model Land Developer 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2004

Authors and Affiliations

  • John R. Roy
    • 1
  1. 1.Environmental, Transport and Urban Development Studies (ETUDES)MallacootaAustralia

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