Document Type
Discussion Paper
Publication Date
12-1-1980
CFDP Number
571
CFDP Pages
45
Abstract
In this paper we present a model of rental housing market in which houses are treated as indivisible commodities. We provide a recursive equation which determines a competitive equilibrium and argue that we can regard the competitive equilibrium as a representative of the set of all competitive equilibria. Using this representative equilibrium, we provide several propositions on comparative statics, that is, we consider how the competitive rents change when certain parameters of the model change.
Recommended Citation
Kaneko, Mamoru, "Housing Market with Indivisibility" (1980). Cowles Foundation Discussion Papers. 807.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/807