Towards an optimal public housing policy
Document Type
Journal article
Source Publication
Urban Studies: An International Journal of Research in Urban Studies
Publication Date
6-1-1988
Volume
25
Issue
3
First Page
204
Last Page
211
Publisher
Sage Publications Ltd.
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.
DOI
10.1080/00420988820080291
Print ISSN
00420980
E-ISSN
1360063X
Publisher Statement
Copyright © 1988 Sage Publications Ltd
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Ho, L. S. (1988). Towards an optimal public housing policy. Urban Studies, 25(3), 204-211. doi: 10.1080/00420988820080291