This paper explores the incentives for backyarding, an expanding category of urban land-use in developing countries that has proliferated South Africa. The theoretical model exposes the trade-off faced by the homeowner in deciding how much backyard land to rent out: loss of yard space consumption in return for a gain in rental income. Under common forms for preferences, the homeowner's own-consumption of yard space falls as land rent increases, causing...
انظر المزيد
تفاصيل
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2018/11/01
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ورقة عمل خاصة ببحوث السياسات
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WPS8636
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1
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1
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2018/11/01
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Disclosed
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Backyarding : Theory and Evidence for South Africa
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marginal rate of substitution