Effects of Housing Policy on Affordability

Zan Yang () and Jie Chen ()
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Zan Yang: Tsinghua University
Jie Chen: Shanghai University of Finance and Economics

Chapter Chapter 6 in Housing Affordability and Housing Policy in Urban China, 2014, pp 87-110 from Springer

Abstract: Abstract The fundamental justification for government intervention in the housing market is based on the market characteristics, such as natural monopoly, externalities, imperfect information, and frictions. This chapter provides the theoretical basis to support the government policy in response to the affordability problem. In particular, the public housing strategy is to facilitate the supply of affordable housing to lower-income households through direct or indirect government involvement.

Keywords: Housing Market; Public Housing; Housing Policy; Affordable Housing; Subway Station (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/978-3-642-54044-8_6

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