کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
970606 1479660 2016 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Households' willingness to pay for public housing
ترجمه فارسی عنوان
آمادگی خانوار برای پرداخت هزینه های مسکن عمومی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی

In the presence of price controls, nonmarket housing allocation mechanisms such as queueing prevent households from revealing their marginal willingness to pay for housing through market prices. We derive the households’ marginal willingness to pay using the intuitive idea that the length of the queue for a specific house reflects the households’ willingness to pay for housing characteristics. We apply our methodology to public housing in the Amsterdam Metropolitan area and show that, on average, the households’ marginal willingness to pay for a unit of public housing is close to its marginal costs. This suggests that the welfare loss of public housing through distortions in housing supply is rather limited and is mainly through distortions in housing demand. We provide indirect evidence of the latter by showing that queueing induces inefficient matching of households and housing.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Urban Economics - Volume 92, March 2016, Pages 91–105
نویسندگان
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