Housing economics and public policy

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Bibliographic Information

Housing economics and public policy

edited by Tony O'Sullivan and Kenneth Gibb

(Real estate issues)

Blackwell Science, 2003

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Housing economics & public policy

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Includes bibliographical references and index

"Essays in honour of Duncan Maclennan"

"RICS Foundation" -- Cover

Description and Table of Contents

Description

This book is a timely assessment of 20 years of progress in the field of housing economics and its application to policy and practice. Two decades on from the publication of Duncan Maclennan's influential Housing Economics, 16 leading housing experts - both academics and policy makers from across the world - now honour Maclennan's contributions. The chapters here present a contemporary survey of key issues in housing, from urban housing markets and sub-market modelling, to the economics of social housing, the basis for housing planning, economic analysis of neighbourhoods, and the connections between academic work and policy development. For students, researchers and practitioners in housing, urban economics and social policy, Housing Economics and Public Policy: . provides up to date and comprehensive reviews of major areas of the housing economics literature . sheds light on the economic, social and spatial processes that affect housing . includes discussion of major areas of cutting edge housing economics research and identifies continuing gaps . presents a synthesis of housing economics research on both sides of the Atlantic . assesses the impact of theory on policy and practice

Table of Contents

Introduction 1 Urban Housing Models 22 Segmentation, Adjustment and Disequilibrium 38 Transactions Costs and Housing Markets 56 Hedonic Pricing Models: A Selective and Applied Review 67 Housing, Random Walks, Complexity and The Macroeconomy 90 Taxation, Subsidies and Housing Markets 110 The Economics of Social Housing 135 Neighbourhood Dynamics and Housing Markets 153 Access To Home Ownership In The United States: The Impact Of Changing Perspectives On Constraints To Tenure Choice 172 Planning Regulation and Housing Supply In A Market System 193 Economics and Housing Planning 218 The Right To Buy In Britain 235 The Political Economy of Housing Research 248 Policy and Academia: An Assessment 268 References 283 Index 319

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