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Towards an Optimal Public Housing Policy

Author

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  • Lok Sang Ho

    (Department of Economics at the Chinese University of Hong Kong, Shatin, N.T., Hong Kong)

Abstract

The prevalent practice of public participation in housing is taken as indicating a 'revealed public preference' for better housing for the poor. Assuming that sufficient external benefit exists to justify public housing, this paper attempts to derive analytically the best public housing strategy. The proposed 'conditional bidding' mechanism consists of the free (but not entirely open) market renting or selling of public housing units to eligible target group households only. Market allocation according to the 'conditional equilibrium price' is shown to be more efficient and more equitable than administratively-based allocation schemes.

Suggested Citation

  • Lok Sang Ho, 1988. "Towards an Optimal Public Housing Policy," Urban Studies, Urban Studies Journal Limited, vol. 25(3), pages 204-211, June.
    • Handle: RePEc:sae:urbstu:v:25:y:1988:i:3:p:204-211
    DOI: 10.1080/00420988820080291
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    References listed on IDEAS

    as
    1. Michael P. Murray, 1978. "Methodologies for Estimating Housing Subsidy Benefits," Public Finance Review, , vol. 6(2), pages 161-192, April.
    2. Thomas S. Nesslein, 1983. "Alternative Decision‐Making Models for Housing: The Question of Efficiency," Kyklos, Wiley Blackwell, vol. 36(4), pages 604-633, November.
    3. Olsen, Edgar O. & Barton, David M., 1983. "The benefits and costs of public housing in New York City," Journal of Public Economics, Elsevier, vol. 20(3), pages 299-332, April.
    4. Ng, Yew-Kwang, 1984. "Quasi-Pareto Social Improvements," American Economic Review, American Economic Association, vol. 74(5), pages 1033-1050, December.
    5. Donald F. Vitaliano, 1983. "Public Housing and Slums: Cure or Cause?," Urban Studies, Urban Studies Journal Limited, vol. 20(2), pages 173-183, May.
    6. Struyk, Raymond J. & Tuccillo, John A., 1983. "Defining the federal role in housing: Back to basics," Journal of Urban Economics, Elsevier, vol. 14(2), pages 206-223, September.
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    Cited by:

    1. Lok Sang Ho, 1995. "Privatization Of Public Housing: An Analysis Of Policy Alternatives," Contemporary Economic Policy, Western Economic Association International, vol. 13(3), pages 53-63, July.
    2. Lok Sang Ho, 1992. "Rent Control: Its Rationale and Effects," Urban Studies, Urban Studies Journal Limited, vol. 29(7), pages 1183-1189, October.
    3. Hon-Kwong Lui, 2007. "The Redistributive Effect of Public Housing in Hong Kong," Urban Studies, Urban Studies Journal Limited, vol. 44(10), pages 1937-1952, September.

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