Bull, Gregory (1998) The economics of housing. In: Balchin, Paul and Rhoden, Maureen, (eds.) Housing: the essential foundations. Routledge, London, UK, pp. 25-49. ISBN 978-0415160070 (hardback), 978-0-203-01042-6 (e-book)

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Abstract

This chapter introduces the basic theories of micro-and macro-economics in order to provide a foundation for analyses of housing issues, and to apply theory to specific housing policies, notably rent control in the private rented sector and rent-setting in the social rented sector. The chapter focuses on:

Demand and supply and the determination of market equilibrium.
Price, income and supply elasticities.
Price controls and the market: an example of the effects of rent control and the effects of short- and long-run supply elasticities.
The macro-economy.
A case study—an economic analysis of the problems of rent-setting in the social rented sector.

Item Type:	Book Section
Additional Information:	[1] Other University of Greenwich staff have authored chapters in this book. List of contributors: Paul Balchin, Gregory Bull, David Isaac, Maureen Rhoden, John O'Leary, Jane Weldon, Pauline Forrester, Mark Pawlowski, R.Shean McConnell [2] Available as an e-book in MyiLibrary: http://lib.myilibrary.com/Open.aspx?id=19503
Uncontrolled Keywords:	housing policy, housing finance
Subjects:	H Social Sciences > HD Industries. Land use. Labor
Pre-2014 Departments:	School of Architecture, Design & Construction School of Architecture, Design & Construction > Sustainable Environments Research Group
Related URLs:	Publisher Organisation
Last Modified:	14 Oct 2016 09:21
URI:	http://gala.gre.ac.uk/id/eprint/8523

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