ABSTRACT
In this chapter we outline the model that underlies all of the analysis presented in subsequent chapters. The decision to undertake adjustments in the use and configuration of the dwelling is presented in the conventional demand and supply framework favored by economists. For ease of presentation, we begin with a static model; later, greater realism is added with a more complete dynamic formulation. At the outset only a single type of adjustment — making "repairs" to the home — is considered.
