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Effects of Housing Policy on Affordability

In: Housing Affordability and Housing Policy in Urban China

Author

Listed:
  • Zan Yang

    (Tsinghua University)

  • Jie Chen

    (Shanghai University of Finance and Economics)

Abstract

The fundamental justification for government intervention in the housing market is based on the market characteristics, such as natural monopoly, externalities, imperfect information, and frictions. This chapter provides the theoretical basis to support the government policy in response to the affordability problem. In particular, the public housing strategy is to facilitate the supply of affordable housing to lower-income households through direct or indirect government involvement.

Suggested Citation

  • Zan Yang & Jie Chen, 2014. "Effects of Housing Policy on Affordability," SpringerBriefs in Economics, in: Housing Affordability and Housing Policy in Urban China, edition 127, chapter 0, pages 87-110, Springer.
    • Handle: RePEc:spr:spbchp:978-3-642-54044-8_6
    DOI: 10.1007/978-3-642-54044-8_6
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    Citations

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    Cited by:

    1. Li, Yu & Liu, Kai & Lu, Xiaoying & Wang, Ben Zhe & Zhou, Xuan, 2022. "Welfare housing and household consumption in urban China," Journal of Economic Behavior & Organization, Elsevier, vol. 195(C), pages 326-334.
    2. Feng Yuan & Weiye Xiao & Yehua Dennis Wei, 2023. "Heterogeneous mechanisms of urban land price in China: a perspective of natural restrictions and strategic supply," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-14, December.
    3. Oyesomo, Oyewole Clement & Odunnaike Joseph Seun & Akinbola Kazeem Bolayemi, PhD., 2023. "Housing Affordability in Nigeria; an Analysis of Lagos State Government Rent to Own Scheme," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(9), pages 272-289, September.
    4. Karmali,Nadeem M. & Aline Weng, 2022. "Housing Demand and Affordability in India : Implications for Housing Policy," Policy Research Working Paper Series 10031, The World Bank.
    5. Lang, Ghislaine & Lanz, Bruno, 2021. "Energy efficiency, information, and the acceptability of rent increases: A survey experiment with tenants," Energy Economics, Elsevier, vol. 95(C).
    6. Tsai, I-Chun, 2019. "Relationships among regional housing markets: Evidence on adjustments of housing burden," Economic Modelling, Elsevier, vol. 78(C), pages 309-318.
    7. Chunyan He & Ding Li & Junlin Yu, 2022. "Quantifying the Spatial-Temporal Variation of Population Urbanization and Affordable Housing Land in China," Land, MDPI, vol. 11(2), pages 1-20, February.

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