The comparative statics of a filtering model of housing with two income groups |
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| Affiliation: | 1. School of Public health, Shenzhen University Health Science Center, Shenzhen, China;2. Institute for Advanced Study, Shenzhen University, Shenzhen, China;3. Guangdong Key Laboratory for Urban Informatics, Department of Urban Informatics, Shenzhen University, Shenzhen, China;4. Guangdong Laboratory of Artificial Intelligence and Digital Economy, Shenzhen, China;1. Mufaddal Baxamusa is at the University of St. Thomas, MCH 316, 2115 Summit Avenue, St. Paul, MN 55105, USA;2. Suffolk University, Boston, MA, USA |
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| Abstract: | This paper examines a simple filtering model of housing with two income groups. It identifies two qualitatively different long-run stationary state equilibria. In the first, construction occurs at two different qualities. In the second, construction occurs at a single quality. It presents the comparative statics of both types of equilibria, with respect to changes in the population and income of the two different groups, and with respect to income subsidies that are given to some of the members of a group, |
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