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Housing Quality, Maintenance and Rehabilitation

Richard Arnott^1,2; Russell Davidson^1,2; David Pines¹

¹ Tel Aviv University · ² Queen's University

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.

DOI

10.2307/2297676

Volume

50 (3)

Pages

467

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