Where Do the Rents Go? Land Ownership in an Urban Model

Author(s)/Creator(s)

Stephen Ross, University of Connecticut
John Yinger, Syracuse University

Description/Abstract

Despite the predominance of homeownership, general equilibrium urban models assume that rents flow to absentee landlords or are redistributed to residents. This paper explores open urban models with more realistic forms of land ownership, namely ownership of shares in a land corporation and individual home ownership. These models, which produce capital gains and losses for residents, can yield different comparative static results than previous open models, with post-shock bid functions that are flatter at the periphery or steeper at the center. Moreover, shocks to these models cannot in general be analyzed without knowing the characteristics of all the urban areas in the system.

Document Type

Working Paper

Date

11-1996

Language

English

Series

Metropolitan Studies Program Series

Disciplines

Economic Policy | Economics | Public Affairs, Public Policy and Public Administration | Public Policy

ISSN

0732 507X

Additional Information

Metropolitan studies program series occasional paper no.182

Recommended Citation

Ross, Stephen and Yinger, John, "Where Do the Rents Go? Land Ownership in an Urban Model" (1996). Center for Policy Research. 451.
https://surface.syr.edu/cpr/451

Source

Local Input

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.