English, Article, Journal or magazine article edition: Ad valorem housing subsidies may reduce house building. José M. Usategui

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Bookmark: http://trove.nla.gov.au/version/183336
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Ad valorem housing subsidies may reduce house building.
Author
  • José M. Usategui
Physical Description
  • preprint
Notes
  • In this paper it is shown that an ad valorem housing subsidy set by a central regulator (or a raise in the ad valorem housing subsidy rate) may reduce the number of houses built in the market and increase the price paid by the buyers of houses. The analysis considers a situation where there is imperfect competition in the housing market and a local regulator that decides on density, or on the number of sites for housing development, and that cares about a combination of the profits of housing developers and the surplus of buyers of houses.
  • Housing subsidies, imperfect competition, price of houses.
  • RePEc:ehu:dfaeii:200803
Language
  • English
Contributed by
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