Housing markets with indivisibilities

Mamoru Kaneko*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

29 Citations (Scopus)


A model of a rental housing market in which houses are treated as indivisible commodities is presented. A recursive equation that determines a competitive equilibrium is provided, and it is argued that this competitive equilibrium is representative of the set of all competitive equilibria. Using this representative equilibrium, several propositions on comparative statics are considered that have to do with how the competitive rents change when certain parameters of the model change.

Original languageEnglish
Pages (from-to)22-50
Number of pages29
JournalJournal of Urban Economics
Issue number1
Publication statusPublished - 1983
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics


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