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The Efficiency of Demand-Oriented Housing Programs: Generalizing from Experimental Findings

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  • Francis J. Cronin

Abstract

Typical production-oriented housing programs offer potential recipients a highly limited set of previously unattainable commodity bundles. From the household's viewpoint, such programs have been highly inefficient. From society's viewpoint, such housing programs are generally horizontally inequitable and inefficient. Given that housing programs are not likely to be fully cashed out and incorporated into general income maintenance, could housing programs be restructured to increase their efficiency? This paper examines this question. Results indicate that demand-oriented housing programs are substantially more efficient than are production-oriented programs. In fact, in the aggregate, the former programs approach unrestricted cash payments in their transfer efficiency.

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  • Francis J. Cronin, 1983. "The Efficiency of Demand-Oriented Housing Programs: Generalizing from Experimental Findings," Journal of Human Resources, University of Wisconsin Press, vol. 18(1), pages 100-125.
    • Handle: RePEc:uwp:jhriss:v:18:y:1983:i:1:p:100-125
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    Cited by:

    1. Félix Muñoz-García & Tongzhe Li, 2018. "Explaining Hypothetical Bias Variations Using Income Elasticity of Demand," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 35(3), pages 207-224, September.
    2. Thomas S. Nesslein, 1988. "Housing : The Market Versus the Welfare State Model Revisited," Urban Studies, Urban Studies Journal Limited, vol. 25(2), pages 95-108, April.

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