Shortrun Response Of Housing Markets To Demand Shifts
DOWNLOAD
Download Shortrun Response Of Housing Markets To Demand Shifts PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Shortrun Response Of Housing Markets To Demand Shifts book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Shortrun Response Of Housing Markets To Demand Shifts
DOWNLOAD
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.
Shortrun Response Of Housing Markets To Demand Shifts
DOWNLOAD
Author : Rand Corporation
language : en
Publisher:
Release Date : 1976
Shortrun Response Of Housing Markets To Demand Shifts 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.
Modelling Spatial Housing Markets
DOWNLOAD
Author : Geoffrey Meen
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Modelling Spatial Housing Markets written by Geoffrey Meen and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Spatial fixity is one of the characteristics that distinguishes housing from most other goods and services in the economy. In general, housing cannot be moved from one part of the country to another in response to shortages or excesses in particular areas. The modelling of housing markets and the interlinkages between markets at different spatial levels - international, national, regional and urban - are the main themes of this book. A second major theme is disaggregation, not only in terms of space, but also between households. The book argues that aggregate time-series models of housing markets of the type widely used in Britain and also in other countries in the past have become less relevant in a world of increasing income dispersion. Typically, aggregate relationships will break down, except under special conditions. We can no longer assume that traditional location or tenure patterns, for example, will continue in the future. The book has four main components. First, it discusses trends in housing markets both internationally and within nations. Second, the book develops theoretical housing models at each spatial scale, starting with national models, moving down to the regional level and, then, to urban models. Third, the book provides empirical estimates of the models and, finally, the models are used for policy analysis. Analysis ranges over a wide variety of topics, including explanations for differing international house price trends, the causes of housing cycles, the role of credit markets, regional housing market interactions and the role of housing in urban/suburban population drift.
Policy Studies Review Annual
DOWNLOAD
Author : Ray Rist
language : en
Publisher: Routledge
Release Date : 2018-04-20
Policy Studies Review Annual written by Ray Rist and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-04-20 with Political Science categories.
The sixth edition of this annual collection of the year's best work in policy studies. Contributions in this volume reflect the increased emphasis on budget conscious and carefully targeted social programmes. Exemplifying a range of analytic and methodological strategies, this edition features studies from Australia, the United States, West Germany, and Great Britain.
Housing And Planning References
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 1980
Housing And Planning References 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 City planning categories.
Social Experimentation
DOWNLOAD
Author : Jerry A. Hausman
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
Social Experimentation written by Jerry A. Hausman and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Social Science categories.
Since 1970 the United States government has spent over half a billion dollars on social experiments intended to assess the effect of potential tax policies, health insurance plans, housing subsidies, and other programs. Was it worth it? Was anything learned from these experiments that could not have been learned by other, and cheaper, means? Could the experiments have been better designed or analyzed? These are some of the questions addressed by the contributors to this volume, the result of a conference on social experimentation sponsored in 1981 by the National Bureau of Economic Research. The first section of the book looks at four types of experiments and what each accomplished. Frank P. Stafford examines the negative income tax experiments, Dennis J. Aigner considers the experiments with electricity pricing based on time of use, Harvey S. Rosen evaluates housing allowance experiments, and Jeffrey E. Harris reports on health experiments. In the second section, addressing experimental design and analysis, Jerry A. Hausman and David A. Wise highlight the absence of random selection of participants in social experiments, Frederick Mosteller and Milton C. Weinstein look specifically at the design of medical experiments, and Ernst W. Stromsdorfer examines the effects of experiments on policy. Each chapter is followed by the commentary of one or more distinguished economists.
Compendium Of Research Reports
DOWNLOAD
Author : United States. Department of Housing and Urban Development. Office of Policy Development and Research
language : en
Publisher:
Release Date : 1980
Compendium Of Research Reports written by United States. Department of Housing and Urban Development. Office of Policy Development and Research 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.
Hot Property
DOWNLOAD
Author : Rob Nijskens
language : en
Publisher: Springer
Release Date : 2019-06-14
Hot Property written by Rob Nijskens and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-14 with Business & Economics categories.
This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.
The Economics Of Housing Vouchers
DOWNLOAD
Author : Joseph H. Friedman
language : en
Publisher: Academic Press
Release Date : 2014-05-10
The Economics Of Housing Vouchers written by Joseph H. Friedman and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-10 with Social Science categories.
The Economics of Housing Vouchers is a seven-chapter text that examines the housing choices of low-income families in two metropolitan areas, namely, Phoenix and Pittsburgh. Some of these households are offered a novel kind of housing subsidy, including a housing allowance or housing voucher, in an experimental framework designed to test this approach to demand-side housing assistance. Chapter 1 presents an overview of U.S. housing programs and the dimensions of the U.S. housing problem. Chapter 2 provides a simple microeconomic model that conceptualizes household behavior, as well as a summary of some of the extant evidence on housing demand. This chapter also estimates the housing demand models for the low-income population in the Demand Experiment, using housing expenditures to measure housing. Chapter 3 applies a hedonic index of housing services that abstracts from particular characteristics of the household or landlord that may affect rent and attempts to measure housing in a more objective manner. Chapter 4 describes a model of household behavior that leads to the methodology for estimating experimental effects. Chapter 5 repeats the analysis for Minimum Rent households, while Chapter 6 examines the effect of both kinds of Housing Gap allowance payment on the consumption of housing services. Lastly, Chapter 7 focuses on the implications of the experimental findings for housing policy. This chapter compares a housing allowance strategy with two other approaches, namely, a pure income-transfer approach and a construction-oriented approach. This book is of value to workers in housing policy, including economists, regional and other social scientists in academia, housing analysts, the Congress, housing lobby groups, and state and local government housing officials.
Global Housing Markets
DOWNLOAD
Author : Ashok Bardhan
language : en
Publisher: John Wiley & Sons
Release Date : 2011-10-27
Global Housing Markets written by Ashok Bardhan and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-27 with Business & Economics categories.
A global look at the reasons behind the recent economic collapse, and the responses to it The speculative bubble in the housing market began to burst in the United States in 2007, and has been followed by ruptures in virtually every asset market in almost every country in the world. Each country proposed a range of policy initiatives to deal with its crisis. Policies that focused upon stabilizing the housing market formed the cornerstone of many of these proposals. This internationally focused book evaluates the genesis of the housing market bubble, the global viral contagion of the crisis, and the policy initiatives undertaken in some of the major economies of the world to counteract its disastrous affects. Unlike other books on the global crisis, this guide deals with the housing sector in addition to the financial sector of individual economies. Countries in many parts of the world were players in either the financial bubble or the housing bubble, or both, but the degree of impact, outcome, and responses varied widely. This is an appropriate time to pull together the lessons from these various experiences. Reveals the housing crisis in the United States as the core of the meltdown Describes the evolution of housing markets and policies in the run-up to the crisis, their impacts, and the responses in European and Asian countries Compares experiences and linkages across countries and points to policy implications and research lessons drawn from these experiences Filled with the insights of well-known contributors with strong contacts in practice and academia, this timely guide discusses the history and evolution of the recent crisis as local to each contributor's part of the world, and examines its distinctive and common features with that of the U.S., the trajectory of its evolution, and the similarities and differences in policy response.