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|Title:||Housing-choice hindrances and urban spatial structure: Evidence from matched location and location-preference data in Chinese cities|
Urban spatial structure
|Citation:||Zheng, S.Q., Fu, Y.M., Liu, H.Y. (2006). Housing-choice hindrances and urban spatial structure: Evidence from matched location and location-preference data in Chinese cities. Journal of Urban Economics 60 (3) : 535-557. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jue.2006.05.003|
|Abstract:||In a monocentric city with a well-functioning residential market, Pareto-efficient spatial equilibrium entails the sorting of residents according to their bid-rent gradient in descending order away from city center. Violation of this sorting condition creates opportunities for Pareto-improving trading of locations and can be sustained only if the market is hindered. We propose a simple ordered-location-choice model using matched location and location-preference data of individual households to examine violations of the Pareto-efficient spatial sorting condition. In so doing we are able to identify population groups facing housing-choice hindrances. We find in a sample of Chinese cities undergoing housing market liberalization that poor marketability of the previously state-provided homes, inadequate provision of housing finance, and spatial mismatch between job-market and housing-market opportunities contribute to a Pareto-inefficient spatial structure. © 2006 Elsevier Inc. All rights reserved.|
|Source Title:||Journal of Urban Economics|
|Appears in Collections:||Staff Publications|
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