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A Model of the Housing Privatization Decision: The Case of Russia

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  • Maria Plotnikova

    () (Department of Economics, University of Reading)

Abstract

This study addresses the issue of housing privatization in Russia in the course of the 1990s. Privatization was started to create a housing market in order to efficiently allocate resources in the use and production of housing, and to phase out the state budget financing of housing. The dwellings were offered to their residents free of payment. The objective of this study is to offer a better understanding of the structural components of privatization by formally modeling housing privatization decision from the household point of view. The model is based on a trade-off between certain value of renting and uncertain value of owning. Using the results of the theoretical model, an empirical model of the privatization decision from the point of view of the household is formulated.

Suggested Citation

  • Maria Plotnikova, 2010. "A Model of the Housing Privatization Decision: The Case of Russia," Economics & Management Discussion Papers em-dp2010-07, Henley Business School, Reading University.
  • Handle: RePEc:rdg:emxxdp:em-dp2010-07
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    File URL: http://www.reading.ac.uk/web/FILES/economics/emdp2010088.pdf
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    References listed on IDEAS

    as
    1. Michael James Douglas, 1996. "Comments on 'The Role of Housing Policy in the Transformation Process in Central-East European Cities': Is Economic Efficiency the End-all?," Urban Studies, Urban Studies Journal Limited, vol. 33(1), pages 111-116, February.
    2. Brueckner, Jan K., 1986. "The downpayment constraint and housing tenure choice : A simplified exposition," Regional Science and Urban Economics, Elsevier, vol. 16(4), pages 519-525, November.
    3. Berger, Mark C. & Blomquist, Glenn C. & Sabirianova Peter, Klara, 2008. "Compensating differentials in emerging labor and housing markets: Estimates of quality of life in Russian cities," Journal of Urban Economics, Elsevier, vol. 63(1), pages 25-55, January.
    4. M. Weeks, 2003. "Discrete choice methods with simulation, Kenneth E. Train, Cambridge University Press, 2003, ISBN: 0-521-81696-3, pp. 334," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 18(3), pages 379-383.
    5. Rosen, Harvey S & Rosen, Kenneth T & Holtz-Eakin, Douglas, 1984. "Housing Tenure, Uncertainty, and Taxation," The Review of Economics and Statistics, MIT Press, vol. 66(3), pages 405-416, August.
    6. Anders Skrondal & Sophia Rabe-Hesketh, 2003. "Multilevel logistic regression for polytomous data and rankings," Psychometrika, Springer;The Psychometric Society, vol. 68(2), pages 267-287, June.
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    More about this item

    JEL classification:

    • P25 - Economic Systems - - Socialist Systems and Transition Economies - - - Urban, Rural, and Regional Economics
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • P36 - Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty
    • P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform

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