Abstract

ARAQUE SOLANO, Alex Smith  and  CABALLERO QUINTERO, Yadira. The Crossroads of Social Interest Housing in Bogotá: Land Prices. Civilizar [online]. 2009, vol.9, n.16, pp.127-152. ISSN 1657-8953.

This document analyzes the issue of social interest housing in Bogotá related with land prices. Additionally, some postulates that have had an impact over land pricing issues have been reviewed. As a starting point it has been reviewed the population settlement structure in the city as an evidence of the unbalanced occupation and offer of property. The quantitative perspective used shows that the incorporation of urban land does not have the aforementioned effect of lowering prices. The dynamic of land prices shows an inertial behavior of such, derived from the somehow naïve rationality of the owners. The association with the construction evolution shows the tendency of constructors to capture rent anticipation, leads them to make mistakes if cycles are not foreseen. Although being an industry with a competitive organization, there is evidence of a non explained element of pricing that may be a rent, in this case a technological one.

Keywords : Land rent; land offer; time series; sequential games; production function.

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