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1981 equilibrium - PowerPoint PPT Presentation

Illustration of the Effects of the Tiebout Hypothesis

Panel 1. Panel 2. Panel 3. Illustration of the Effects of the Tiebout Hypothesis. $. $. $. s0. s0. s. d1. d0. d1. d0. d1. d0. Q. Q. Q. Increase in housing. Reduction in housing. Net effect on housing. demand from those. demand from those. demand and prices.

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1981 equilibrium - PowerPoint PPT Presentation

Illustration of the Effects of the Tiebout Hypothesis