A hybrid Tiebout model with vintage housing
研究美国城市中住房年龄的空间差异如何影响收入隔离，构建了一个结合地方公共财政和城市土地利用的动态一般均衡混合蒂布特模型，发现住房存量年龄是影响家庭空间分布和隔离的重要因素。
Abstract This article examines how spatial variation in housing ages affects income segregation in US cities. We develop a dynamic general equilibrium hybrid Tiebout model with durable housing that combines local public finance and urban land use theories. Heterogeneous households sort across school districts based on their demand for local public goods and within districts based on the trade‐off between accessibility and housing rents. Housing is produced by perfectly competitive firms, and each new house lasts for two periods. We find that the age of the housing stock is an important variable that affects the spatial distribution of households, and hence segregation. The cyclic nature of our equilibrium allows us to explain suburbanization and regentrification processes as a result of the endogenously evolving age of the housing stock distribution.