Comment: Edelstein and Follain Papers

George G. Kaufman

Journal of Financial and Quantitative Analysis, 1979, vol. 14, issue 4, 805-806

Abstract: The Edelstein and Follain papers are not as different as they may appear at first. The two are linked through the income elasticity of housing. Follain is concerned with this measure explicitly, while Edelstein1s analysis hinges on the value he assumes for it. Both papers are also policy papers, and their conclusions are of immediate importance for ongoing policy decisions.

Date: 1979
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