The effects of public housing on internal mobility in Hong Kong.pdf

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1、JournalofHousingEconomics20(2011)15–29ContentslistsavailableatScienceDirectJournalofHousingEconomicsjournalhomepage:www.elsevier.com/locate/jhecqTheeffectsofpublichousingoninternalmobilityinHongKongHon-KwongLui⇑,WingSuenLingnanUniversity,ChinaTheUniversityofHongKong,Chinaarticlein

2、foabstractArticlehistory:TherationingofpublichousingreducestheefficiencyofthematchbetweenpublichousingReceived29June2009unitsandtheiroccupants,ascompetinguserscannoteffectivelyconveytheirpreferencesAvailableonline27November2010throughapricemechanism.Thisstudyinvestigatesthecostsofp

3、ublichousingfromtheperspectiveofthemisallocationofhousingunitstohouseholdsandexamineshowthisJELCode:misallocationaffectstheirlives.WeshowthatpublichousingoccupantsarelessmobileR21thanprivatehousingoccupants,butconditionalonmoving,theyaremorelikelytorelocateI38fartherawayfromtheiro

4、riginalplaceofresidence.TheyarealsolesslikelytoworkintheH53sameplaceastheylive.Keywords:Ó2010ElsevierInc.Allrightsreserved.PublichousingMobilityAllocativeinefficiencies1.Introductiondizedlevelsandflatsareallocatedbynon-marketmeans,however,bothprospectivetenantswillreveal(truthfully)

5、PublichousingrepresentsasizablesubsidytohousingthattheypreferFlatAtoFlatB.Thereisnomeanstocostandithastobestrictlyrationedamongcompetingadministrativelydeterminewhichofthetwoisthehigh-users.Whenrationingoccurs,resourcesmaynotbeallo-er-valueuserforthemoredesirableflat.Inpractice,sub

6、si-catedtotheirmostvaluableusesbecausepeoplecannotdizedhousingisoftenallocatedonthebasisofstatedeffectivelyconveytheintensityoftheirpreferences.Con-preferencessupplementedbysomelotteryorqueuingsider,forexample,twootherwiseidenticalhousingflatsmechanism.Thepurposeofthispaperistostud

7、ysomeavailableforallocationbetweentwoprospectivetenants.oftheinefficienciesinducedbytheuseofnon-pricemeth-FlatAislocatedinamoredesirableneighborhoodthanFlatodsofallocationintheprovisionofpublichousinginHongB,sobothprospectivetenantsarewillingtopayapre-Kong.miumrentforFlatA.Supposet

8、hefirstpersonalsohappensThemisallo