000			01445nab a2200241 4500
999			_c11394 _d11394
003			OSt
005			20210226140719.0
007			cr aa aaaaa
008			210226b ||||| |||| 00| 0 eng d
100			_aSuzuki, Masatomo _931053
245			_aShrinking metropolitan area: Costly homeownership and slow spatial shrinkage
260			_bSage _c2019
300			_aVol 56, Issue 6, 2019 : (1113-1128 p.)
520			_aWith a simple model of land use and market arbitrage, this paper investigates the impact of population decline – when existing homeowners compete to attract a small number of new residents – on homeownership and land use. We show that, if a strictly positive cost is required for ownership abandonment, selling used houses is impossible in the periphery, while leasing is possible. We also show that only long-life-quality houses, which require a larger initial investment and sustain greater utility for longer than conventional ones, attract new residents to the periphery. Social welfare may decrease, because the government has to maintain the slowly shrinking, less densely inhabited urban area.
650			_ahousing _944584
650			_aland use _944585
650			_apopulation decline _944586
650			_ahousing abandonment _944587
700			_aAsami, Yasushi _944588
773	0		_011188 _915499 _dsage, 2019. _tUrban studies
856			_uhttps://doi.org/10.1177/0042098017743709
942			_2ddc _cART