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The Linear Expenditure System and Demand for Housing under Rent Control

Author

Listed:
  • Högberg, Per

    (Research Institute of Industrial Economics (IFN))

  • Klevmarken, Anders

    (Research Institute of Industrial Economics (IFN))

Abstract

In most applications of complete systems of demand functions to national accounts data it is implicitly assumed that the demand functions are identified. For post-war Sweden this is not an altogether good assumption because due to rent control there was an excess demand for housing. In this paper the linear expenditure system is modified to include a supply function for housing. Supply is simply assumed to be a function of excess demand. The model is estimated by the maxi mum likelihood method and the results are compared to those obtained for the ordinary linear expenditure system.

Suggested Citation

  • Högberg, Per & Klevmarken, Anders, 1977. "The Linear Expenditure System and Demand for Housing under Rent Control," Working Paper Series 12, Research Institute of Industrial Economics.
    • Handle: RePEc:hhs:iuiwop:0012
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    References listed on IDEAS

    as
    1. Klevmarken, N. Anders, 1979. "A comparative study of complete systems of demand functions," Journal of Econometrics, Elsevier, vol. 10(2), pages 165-191, June.
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    More about this item

    Keywords

    Housing demand; Rent control; Sweden;
    All these keywords.

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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