Sources of inefficiency in subsidized housing programs: a comparison of U.S. and German experience

Article Abstract:

Subsidized housing programs in the United States and West Germany are compared from the aspects of program efficiency and economic benefits accruing to program participants. The comparative study reveals two forms of program inefficiency: consumer inefficiency and producer inefficiency. Consumer-oriented housing subsidy programs are also shown to be more efficient overall than producer-oriented programs.

United States, Finance, Comparative analysis, Study and teaching, Cities and towns, Housing subsidies, Germany, West

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Urban residential land rent function: an alternative Muth-Mills model

Article Abstract:

Urban economics, as a research discipline, has studied urban residential land rents extensively. The land rent function model developed by Muth and Mills may be flawed, since it assumes the demand function for housing is a power function of income. Recognizing this possibility, an alternative land rent function model is developed that is more consistent with consumers' utility maximization behavior.

Research, Economic research, Rental housing, Urban land use

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Theory and estimation in the economics of housing demand

Article Abstract:

A review of different theoretical analyses of economics of housing demand suggests demand elasticities may vary with level of relative prices and income - demographic variables may significantly affect demand.

Housing programs, Consumption (Economics)

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