IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v22y1985i2p133-140.html
   My bibliography  Save this article

The Welfare Cost of Hong Kong's Public Housing Programme

Author

Listed:
  • Fu-Lai Yu

    (Hong Kong Baptist College, Hong Kong)

  • Si-Ming Li

    (Hong Kong Baptist College, Hong Kong)

Abstract

Public housing is an important source of accommodation in Hong Kong. Subsidies to public housing are tied to the consumption of housing services. Consumer's consumption pattern will therefore be distorted, and a welfare loss incurred as compared to an equivalent cash transfer. This paper seeks to measure the extent to which tenants' benefit from public housing subsidies. A measure of net tenant benefit is used, which is based upon the Marshallian consumer surplus concept. The results indicate that Hong Kong's public housing programme has had a significant impact upon households' consumption patterns, and that the welfare loss is relatively low.

Suggested Citation

  • Fu-Lai Yu & Si-Ming Li, 1985. "The Welfare Cost of Hong Kong's Public Housing Programme," Urban Studies, Urban Studies Journal Limited, vol. 22(2), pages 133-140, April.
    • Handle: RePEc:sae:urbstu:v:22:y:1985:i:2:p:133-140
    DOI: 10.1080/00420988520080211
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1080/00420988520080211
    Download Restriction: no
    File URL: https://libkey.io/10.1080/00420988520080211?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. de Leeuw, Frank, 1971. "The Demand for Housing: A Review of Cross-Section Evidence," The Review of Economics and Statistics, MIT Press, vol. 53(1), pages 1-10, February.
    2. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-597, September.
    3. DeSalvo, Joseph S, 1975. "Benefits and Costs of New York City's Middle-Income Housing Program," Journal of Political Economy, University of Chicago Press, vol. 83(4), pages 791-805, August.
    4. Olsen, Edgar O, 1972. "An Econometric Analysis of Rent Control," Journal of Political Economy, University of Chicago Press, vol. 80(6), pages 1081-1100, Nov.-Dec..
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lin, Cho-Min, 1989. "The benefits of the subsidized housing programs: public housing, rent certificates, and the housing voucher program," ISU General Staff Papers 1989010108000017598, Iowa State University, Department of Economics.
    2. Claire Holton Hammond, 1987. "Some Methodological Developments in the Measurement of the Benefit of an In-Kind Transfer," The American Economist, Sage Publications, vol. 31(2), pages 44-52, October.
    3. Lyytikäinen, Teemu, 2006. "Rent Control and Tenants' Welfare: The Effects of Deregulating Rental Markets in Finland," Discussion Papers 385, VATT Institute for Economic Research.
    4. Michael P. Murray, 1976. "Hicks, Marshall, and Points Off the Demand Curve," Public Finance Review, , vol. 4(4), pages 493-500, October.
    5. Hans van Fulpen, 1988. "An Analysis of the Housing Market in the Netherlands," Urban Studies, Urban Studies Journal Limited, vol. 25(3), pages 190-203, June.
    6. Nisha Agrawal, 1988. "The Economic Effects of Public Housing in Australia," The Economic Record, The Economic Society of Australia, vol. 64(4), pages 254-267, December.
    7. B.L. DeBorger, 1985. "Benefits and Consumption Effects of Public Housing Programs in Belgium: Some Aggregate Results," Urban Studies, Urban Studies Journal Limited, vol. 22(5), pages 409-419, October.
    8. Chen, Ruoyu & Jiang, Hanchen & Quintero, Luis E., 2023. "Measuring the value of rent stabilization and understanding its implications for racial inequality: Evidence from New York City," Regional Science and Urban Economics, Elsevier, vol. 103(C).
    9. Malpezzi, Stephen, 1998. "Welfare analysis of rent control with side payments: a natural experiment in Cairo, Egypt1," Regional Science and Urban Economics, Elsevier, vol. 28(6), pages 773-795, November.
    10. Rebecca Diamond & Tim McQuade & Franklin Qian, 2019. "The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco," American Economic Review, American Economic Association, vol. 109(9), pages 3365-3394, September.
    11. Tonin, Stefania, 2018. "Citizens’ perspectives on marine protected areas as a governance strategy to effectively preserve marine ecosystem services and biodiversity," Ecosystem Services, Elsevier, vol. 34(PB), pages 189-200.
    12. McVey, Marty Jay, 1996. "Valuing quality differentiated grains from a total logistics perspective," ISU General Staff Papers 1996010108000012326, Iowa State University, Department of Economics.
    13. Salayo, Nerissa D., 2000. "Investment Opportunities for the Shrimp Processing Industry in the Philippines: Results from a Hedonic Analysis," Discussion Papers DP 2000-12, Philippine Institute for Development Studies.
    14. Stavins, Robert, 2004. "Environmental Economics," RFF Working Paper Series dp-04-54, Resources for the Future.
    15. Andreas A. Andrikopoulos & James A. Brox, 1985. "Predicting Intra-Urban Residential Location Preferences: An Application of the Dynamic Generalized Linear Expenditure System," Urban Studies, Urban Studies Journal Limited, vol. 22(4), pages 329-337, August.
    16. Shrestha, Ram K. & Seidl, Andrew F. & Moraes, Andre S., 2002. "Value of recreational fishing in the Brazilian Pantanal: a travel cost analysis using count data models," Ecological Economics, Elsevier, vol. 42(1-2), pages 289-299, August.
    17. Arndt, Channing & Schiller, Rico & Tarp, Finn, 2001. "Grain transport and rural credit in Mozambique: solving the space-time problem," Agricultural Economics, Blackwell, vol. 25(1), pages 59-70, June.
    18. Lim, Kyoung-Min & Lim, Seul-Ye & Yoo, Seung-Hoon, 2014. "Estimating the economic value of residential electricity use in the Republic of Korea using contingent valuation," Energy, Elsevier, vol. 64(C), pages 601-606.
    19. Joan Monràs & José Garcia Montalvo, 2021. "The effect of second generation rent controls: New evidence from Catalonia," Economics Working Papers 1836, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 2022.
    20. Kenneth Koford, 1982. "Centralized vote-trading," Public Choice, Springer, vol. 39(2), pages 245-268, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:urbstu:v:22:y:1985:i:2:p:133-140. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.