Supply Response to the Housing Allowance Program
Open Access
- 1 August 1980
- journal article
- research article
- Published by SAGE Publications in International Regional Science Review
- Vol. 5 (2) , 119-138
- https://doi.org/10.1177/016001768000500202
Abstract
If there were no supply response to the housing allowance program, the demand shift caused by the program would be large enough to cause a serious increase in the price of standard housing services. How-ever, three supply responses prevent the potential price increase from occurring: repair of substandard housing, supply adjustment, and occupancy rate adjustment. The first supply response reduces the potential price increase by two-thirds, the first and second together reduce it by four-fifths, and all three together reduce it by 97 percent.Keywords
This publication has 4 references indexed in Scilit:
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- 4.1 The Price Elasticity of Supply of Housing ServicesPublished by University of Toronto Press Inc. (UTPress) ,1978
- Time Lags in the Rental Housing MarketUrban Studies, 1973
- The Structure of the Housing MarketThe Quarterly Journal of Economics, 1953