House Age, Price and Rent: Implications from Land-Structure Decomposition

Rent Theory and the Price of Urban Land

representation of space is mathematical space. In mathematics a space is defined by the way in which distances between points are measured: a metric. In other words, space is made up by points dimensionless locations -related to each other in a specific way (I) In primitive communism in which production is not individualized, the territory need not be structured into space. Of course members of...

Housing Price, Land Supply and Revenue from Land Sales

In a recen t study, Peng and Wheaton empirically exam ine the effect of restricti ve land supply on Hong Kong house prices. However, we argue that the impact of the supply of new land by the Hong Kong government is not as important as they maintain in accounting for the volatile house prices in Hong Kong. We show that there is no causal relation ship between land supply and housing prices. Our ...

Imputed Rent and Income Inequality : A Decomposition

The Relations between Spatial Structure and Land Price

Land price contains the comprehensive characteristics of urban space, representing the social and economic features of the city. Accordingly, land price can be utilized as an indicator, which can identify the changes of spatial structure and socioeconomic variations caused by urban development. This study attempted to explore the changes in land price by a new road construction. Methodologicall...

Price Fluctuations: To Buy or to Rent

We extend the classic online ski rental problem, so that the rental price may change over time. We consider several models which differ in the knowledge given to the algorithm: whereas the price development is unknown, an algorithm may have full, partial or no knowledge about the duration of the game. We construct algorithms whose competitive ratios are up to constant or logarithmic factors opt...