Please use this identifier to cite or link to this item:
|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|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Aug 18, 2018
WEB OF SCIENCETM
checked on Jul 11, 2018
checked on Jun 30, 2018
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.