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Article
Towards an optimal public housing policy
Urban Studies: An International Journal of Research in Urban Studies
  • Lok Sang HO, The Chinese University of Hong Kong
Document Type
Journal article
Publication Date
6-1-1988
Abstract

The prevalent practice of public participation in housing is taken as indicating a 'revealed public preference' for better housing for the poor. Assuming that sufficient external benefit exists to justify public housing, this paper attempts to derive analytically the best public housing strategy. The proposed 'conditional bidding' mechanism consists of the free (but not entirely open) market renting or selling of public housing units to eligible target group households only. Market allocation according to the 'conditional equilibrium price' is shown to be more efficient and more equitable than administratively-based allocation schemes.

DOI
10.1080/00420988820080291
E-ISSN
1360063X
Publisher Statement

Copyright © 1988 Sage Publications Ltd

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Citation Information
Ho, L. S. (1988). Towards an optimal public housing policy. Urban Studies, 25(3), 204-211. doi: 10.1080/00420988820080291