Supply Response to the Housing Allowance Program
C. Peter Rydell
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C. Peter Rydell: The Rand Corporation, Santa Monica, California 90406 USA
International Regional Science Review, 1980, vol. 5, issue 2, 119-138
Abstract:
If there were no supply response to the housing allowance program, the demand shift caused by the program would be large enough to cause a serious increase in the price of standard housing services. How-ever, three supply responses prevent the potential price increase from occurring: repair of substandard housing, supply adjustment, and occupancy rate adjustment. The first supply response reduces the potential price increase by two-thirds, the first and second together reduce it by four-fifths, and all three together reduce it by 97 percent.
Date: 1980
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Persistent link: https://EconPapers.repec.org/RePEc:sae:inrsre:v:5:y:1980:i:2:p:119-138
DOI: 10.1177/016001768000500202
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