The Social Housing and Rental Housing Markets in an Equilibrium Rent Search Model

Sébastien Ménard

Annals of Economics and Statistics, 2009, issue 95-96, 183-199

Abstract: The housing market has some analogies with the labour market. In particular, the matching of a landlord and a tenant does not occur immediately and the presence of frictions means there is no single level of rent which can ensure a balance between the supply and demand for housing. This article uses a search equilibrium model à la Pissarides-Burdett- Mortensen in order to represent the rental housing market. Then, we analyse the effects of the building of social housing and of housing benefits. We show that housing policy does not necessarily lead to an improvement of access to housing and can increase the average rent.

Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.jstor.org/stable/27917409 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:2009:i:95-96:p:183-199

Access Statistics for this article

Annals of Economics and Statistics is currently edited by Laurent Linnemer

More articles in Annals of Economics and Statistics from GENES Contact information at EDIRC.
Bibliographic data for series maintained by Secretariat General () and Laurent Linnemer ().