A Hedonic Analysis of Rent and Rental Revenue in the Subsidised and Unsubsidised Housing Sectors in Geneva

Sandra Buchel and Martin Hoesli
Additional contact information
Sandra Buchel: Swiss Bank Corporation, Swiss Bank Centre, Europastrasse 1, CH-8152 Zürich-Opfikou, Switzerland

Urban Studies, 1995, vol. 32, issue 7, 1199-1213

Abstract: In this paper, an analysis is made of what would be the rent difference for the tenants of subsidised units if these units were rented as unsubsidised units. Furthermore, the existence of any pecuniary disadvantage for the owner of a subsidised unit is investigated by considering his rental revenue (i.e. the amount paid by the tenant and the subsidy). It is found that there exists a premium between an unsubsidised and a subsidised unit when using the amount paid by the tenant (i.e. the rent) as the dependent variable. Also, the subsidy system in Geneva has an influence on the pricing of each characteristic of a unit. Furthermore, it is found that when using rental revenue as the dependent variable, both sub-samples can be used in a single hedonic equation. Thus, owners of subsidised units are not at a disadvantage due to the granting of a subsidy. As a result, Geneva's subsidy system matches the goals of agents on both the demand and supply sides.

Date: 1995
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1080/00420989550012645 (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:sae:urbstu:v:32:y:1995:i:7:p:1199-1213

DOI: 10.1080/00420989550012645

Access Statistics for this article

More articles in Urban Studies from Urban Studies Journal Limited
Bibliographic data for series maintained by SAGE Publications ().