Trailer Park Economics
Abstract
In this paper, we explore the various reasons behind the development of the American
institution of trailer parks. The first two models arise in equilibrium, the last
two respond to housing shocks. Models include “Bad Tenants” in which tenants and landowners
contract to protect against bad neighbors, a basic “Capital Constraints model in which
tenants and landowners share the burden of capital costs, “Uncertain Growth” in which
landowners respond to boom and bust economic growth, and “Long vs. Short Run Growth”
in which landowners must decide how to invest on their land given rates of land appreciation.
Type
Honors thesisDepartment
EconomicsPermalink
https://hdl.handle.net/10161/3546Citation
Gorback, Caitlin (2011). Trailer Park Economics. Honors thesis, Duke University. Retrieved from https://hdl.handle.net/10161/3546.Collections
More Info
Show full item record
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License.
Rights for Collection: Undergraduate Honors Theses and Student papers
Works are deposited here by their authors, and represent their research and opinions, not that of Duke University. Some materials and descriptions may include offensive content. More info