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Impact Of Subsidy On Low-Rent Housing Lessees' Welfare In China

Author

Listed:
  • DI WU

    (Management School, Graduate University of Chinese Academy of Sciences, Beijing, 100190, China)

  • PENG GAO

    (Management School, Graduate University of Chinese Academy of Sciences, Beijing, 100190, China)

  • JICHANG DONG

    (Management School, Graduate University of Chinese Academy of Sciences, Beijing, 100190, China)

Abstract

Chinese Low-rent housing subsidy has been increasing year by year. However, it will be a very one-sided view if we only take the increasing number of subsidy into consideration when evaluating the effects of subsidy policy on low-rent housing lessees. Thus we studied on the impact of subsidy increase on low-rent housing lessees' welfare in China, and explored a valid way to evaluate the utility of the subsidy policy. At first, basing on the theory of welfare, we analyze the indifference curve model within consumption budget condition. After that, we applied the Cobb–Douglas utility function to establish a low-rent housing lessees' welfare model. Finally, some suggestions, especially in regard to the use of Information Technology to support subsidy making and protect low-rent housing lessees' welfare, are given to the Ministry of Housing and Urban–Rural Development of the People's Republic of China (MOHURD) and local Municipal Commissions of Housing and Urban–Rural Development (MCOHURD).

Suggested Citation

  • Di Wu & Peng Gao & Jichang Dong, 2012. "Impact Of Subsidy On Low-Rent Housing Lessees' Welfare In China," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 11(03), pages 643-660.
    • Handle: RePEc:wsi:ijitdm:v:11:y:2012:i:03:n:s0219622012500150
    DOI: 10.1142/S0219622012500150
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    References listed on IDEAS

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    1. Kuijs, Louis & Wang, Tao, 2005. "China's pattern of growth : moving to sustainability and reducing inequality," Policy Research Working Paper Series 3767, The World Bank.
    2. Knud Jørgen Munk, 2006. "Welfare Effects of Tax and Price Changes and the CES-UT Utility Function," Economics Working Papers 2006-15, Department of Economics and Business Economics, Aarhus University.
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