Housing Quality, Maintenance and Rehabilitation

descriptionPublicationkeyboard_double_arrow_right Article 01 Jul 1983Publisher:Oxford University Press (OUP)Journal:The Review of Economic Studies, volume 50, page 467 (issn: 0034-6527,

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Authors: Arnott, Richard; Davidson, Russell; Pines, David;

doi: 10.2307/2297676

Housing Quality, Maintenance and Rehabilitation

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Abstract

This paper investigates a representative landlord's profit-maximization problem in a stationary economy. The landlord must decide on the quality of his housing units at the time of construction, maintenance expenditure over the life of the building, and the time of demolition or rehabilitation. The analysis can be applied to other problems with similar economic structure, notably equipment and durable good maintenance, overhaul and replacement.

Related Organizations

Queen's University
Canada
Tel Aviv University
Israel

Keywords

stationary economy, Mathematical economics, housing market theory, landlord's profit-maximization problem

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