CAN PUBLIC CONSTRUCTION AND REHABILITATION INCREASE THE QUANTITY OF HOUSING SERVICE CONSUMED BY LOW-INCOME FAMILIES.
RAND CORP SANTA MONICA CALIF
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It is widely believed that public construction and rehabilitation of dwelling units increase and improve the housing stock. The purpose of this paper is to demonstrate that the most rigorously developed and thoroughly tested theory of the housing market implies that public construction and rehabilitation have no effect on the long run equilibrium quantity of housing service. This theory holds that it is the subsidy which accompanies public construction and rehabilitation that results in greater consumption of housing service. Author
- Administration and Management
- Sociology and Law