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2011-04-15
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Housing economics and public policy

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.

Introduction; Urban housing models; Segmentation, adjustment and disequilibrium; Transactions costs and housing markets; Hedonic pricing models:a selective and applied review; Housing, random walks, complexity and the macroeconomy; Taxation, subsidies and housing markets; The economics of social housing; Neighbourhood dynamics and housing markets; Access to home ownership in the United States:the impact of changing perspectives on constraints to tenure choice; Planning regulation and housing supply in a market system; Economics and housing planning; The right to buy in Britain; The political economy of housing research; Policy and academia:an assessment


* provides good quality reviews of key topics in housing economics
* offers an overview of the area, as well as a way into the wider literature
* sheds light on the economic processes affecting housing
* assesses the impact of theory on policy and practice
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