Description
Book SynopsisThis 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.
Trade Review'this remarkable collection of chapters by leading housing experts provides a wealth of comment and information' Building Engineer July 2003
'Thought -provoking... it offers a robust assessment of the role of economics in planning' Urban Studies, July 2004
'I heartily recommend a read' Bruce Duncan, Chair RICS Regeneration Forum
'An excellent and varied book which offers a well-documented and fairly comprehensive view of the current insights of housing economists. Recommended reading for economists, policy officals and academics.' International Planning Studies, Feb 2004
Table of ContentsIntroduction 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
