Price Elasticities Of Housing Supply Housing Assistance Supply Experiment

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Price Elasticities Of Housing Supply

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Author : C. Peter Rydell
language : en
Publisher:
Release Date : 1982

Price Elasticities Of Housing Supply written by C. Peter Rydell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Business & Economics categories.

Analyzes the price elasticity of the supply of rental housing services, defined as the percentage increase in supply associated with a one percent increase in price. The purpose of the report is to predict the price changes associated with supply responses to shifts in demand. Section II analyzes each component of supply response separately. It presents price elasticities for the repair, inventory, and occupancy responses to demand shifts. It reviews the literature on all three and offers new estimates for the second and third (the estimates are based on the analysis of Annual Housing Survey data from the U.S. Census Bureau reported in Appendix B). Section III combines the three individual supply elasticities into a composite elasticity. It accomplishes the integration using a model of housing-market responses to demand shifts presented in Appendix C. The model was built during the Housing Assistance Supply Experiment to explain the housing market's response to demand shifts caused by an experimental housing allowance program.

Price Elasticities Of Housing Supply Housing Assistance Supply Experiment

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Author : Rand Corporation
language : en
Publisher:
Release Date :

Price Elasticities Of Housing Supply Housing Assistance Supply Experiment written by Rand Corporation and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.

Income Elasticity Of Housing Demand

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Author : John E. Mulford
language : en
Publisher:
Release Date : 1979

Income Elasticity Of Housing Demand written by John E. Mulford and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Business & Economics categories.

Estimates the long-run "permanent" income elasticity of housing expenditures to be 0.45 for owners and 0.19 for renters using cross-sectional data from the two Housing Assistance Supply Experiment (HASE) sites--Brown County, Wisconsin, and St. Joseph County, Indiana. Results from a constant elasticity model are compared with those from models which allow the elasticity to vary with income--linear, spline, and log-exponential models. The evidence is consistent with either constant or slightly increasing elasticity with income. Estimated elasticities do not vary systematically by household type. The report concludes that the income elasticity of housing expenditures in the HASE sites is low, both absolutely and relative to conventional wisdom and recently published estimates. If the findings are generally correct, pure income transfers will not much affect recipients' housing expenditures.

Shortrun Response Of Housing Markets To Demand Shifts

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Author : C. Peter Rydell
language : en
Publisher: RAND Corporation
Release Date : 1979

Shortrun Response Of Housing Markets To Demand Shifts written by C. Peter Rydell and has been published by RAND Corporation this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with Business & Economics categories.

Presents a theory of short-run market adjustments to exogenous demand shifts that is consistent with evidence from the Housing Assistance Supply Experiment (HASE). It is argued that (1) a 1.0 percent shift in rental demand leads to a rent change of only 0.26 percent, whereas capital value can change as much as 5.0 percent; and (2) landlords derive capital value in a tightening market primarily from decreased vacancy loss (because of monopolistic competition among themselves) rather than from increased nominal rent. Using HASE data, the theory predicts that a housing allowance program would cause short-run rent increases of 0.6 to 1.0 percent and capital value increases of 1.6 to 6.5 percent, depending on the size and duration of allowance-induced demand shifts.

Price Effects Of A Housing Allowance Program

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Author : C. Peter Rydell
language : en
Publisher:
Release Date : 1982

Price Effects Of A Housing Allowance Program written by C. Peter Rydell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Business & Economics categories.

The Housing Assistance Supply Experiment (HASE) was undertaken primarily to demonstrate how a full-scale housing allowance program would affect local housing markets; in particular, how it would affect the price of housing services. If program-induced price increases were large, they would disrupt the housing market and divert program subsidies from their intended recipients. In the outcome, however, price effects caused by the experimental program were so small as to be negligible. Section II examines the changes in the price of rental housing services that occurred in the experimental sites during the first three years of the allowance program. Section III determines that the allowance program had such a small effect on housing prices because it caused only a modest increase in housing demand and because housing supply responds to demand shifts with surprising ease. Section IV assesses the generalizability of the price effects found in the HASE sites, and discusses ways in which the results improve the understanding of housing-market behavior.

Supplemental Design Papers For The Housing Assistance Supply Experiment

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Author :
language : en
Publisher:
Release Date : 1980

Supplemental Design Papers For The Housing Assistance Supply Experiment written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Housing categories.

Looking Back On The Housing Assistance Supply Experiment

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Author : Ira S. Lowry
language : en
Publisher:
Release Date : 1982

Looking Back On The Housing Assistance Supply Experiment written by Ira S. Lowry and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Federal aid to housing categories.

Proceedings Of The General Design Review Of The Housing Assistance Supply Experiment Held June 25 27 1973 At The Rand Corporation Washington D C

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Author : General Design Review of the Housing Assistance Supply Experiment
language : en
Publisher:
Release Date : 1981

Proceedings Of The General Design Review Of The Housing Assistance Supply Experiment Held June 25 27 1973 At The Rand Corporation Washington D C written by General Design Review of the Housing Assistance Supply Experiment and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Housing categories.

Help With Housing Costs

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Author : Harold Wolman
language : en
Publisher:
Release Date : 1987

Help With Housing Costs written by Harold Wolman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Housing subsidies categories.

Sixth Annual Report Of The Housing Assistance Supply Experiment

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Author : Rand Corporation
language : en
Publisher:
Release Date : 1976

Sixth Annual Report Of The Housing Assistance Supply Experiment written by Rand Corporation and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with categories.