A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
The primary emphasis in this paper is to fill at least partially the important gap in understanding the supply side of urban housing, and in particular what is sought are good estimates of supply elasticities. The main objective is to construct a framework and to obtain empirical estimates of relevant supply elasticities that will enable one to handle such important policy issues concerning urban housing markets as: the economic effects of housing subsidies, the incidence of the urban property tax, and the relationship between city size and the price of housing. For example, proposals to replace current supply oriented capital subsidies with demand oriented low income housing allowances can only be properly evaluated if the private market respone to demand changes can be predicted. Of particular concern is whether the supply elasticity of housing services is so low that demand oriented subsidies will just primarily raise the price of housing services rather than increase the aggregate output of housing throughout the community. (Author)
The primary emphasis in this paper is to fill at least partially the important gap in understanding the supply side of urban housing, and in particular what is sought are good estimates of supply elasticities. The main objective is to construct a framework and to obtain empirical estimates of relevant supply elasticities that will enable one to handle such important policy issues concerning urban housing markets as: the economic effects of housing subsidies, the incidence of the urban property tax, and the relationship between city size and the price of housing. For example, proposals to replace current supply oriented capital subsidies with demand oriented low income housing allowances can only be properly evaluated if the private market respone to demand changes can be predicted. Of particular concern is whether the supply elasticity of housing services is so low that demand oriented subsidies will just primarily raise the price of housing services rather than increase the aggregate output of housing throughout the community. (Author)
The Supply of Urban Housing
B. A. Smith (author)
1973
48 pages
Report
No indication
English
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