Centrifugal Forces in the Residential Markets: the Situation of the Barcelona Catchment Area
Keywords:
Localización espacial, demanda de viviendas, mercado de trabajo, política territorial, BarcelonaAbstract
This paper presents an economic analysis of residential location of economic agents. Our main theory result
is that dispersion becomes increasingly when the transportation cost is sufficiently low and compensation
for commutes takes the form of both lower housing prices and higher wages. Also, this paper tries to find
evidence of the existent relationship between residential prices and economic and demographic factors that
are demand determinants such wages, migrations and productive structure, among others, to explain price
formation and urban dispersion.We estimate a model of residential location using a desirable residential and
workplace amenities between several jurisdictions in the Barcelona Functional Area. The results show
evidence on determinants of housing prices and how some relationships appears to exist between price levels
and families’ waged income as well as with population and productive structure.
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Copyright (c) 2002 Óscar Mascarilla Miró
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