Alternative housing concepts and the benefits of public housing programs

Article Abstract:

Almost all previous research on the consumption effects and benefits of public housing efforts have employed aggregation theorems in building composite goods 'housing' and 'all other goods'. It is shown here that, under a more realistic assumption, if households show preferences based on housing characteristics, then estimated benefits using the composite method are biased upward. It is therefore recommended that consideration be given to the composition of the bundle of housing attributes offered under public housing programs when assessing the programs' economic impact.

Housing, Public housing, Housing policy, Consumer preferences

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Prices, capacities and service levels in a congestible Bertrand duopoly

Article Abstract:

The interplay between service quality, service prices, and capacities in a congested duopoly with an imperfect price competition between facilities, is examined. Bertrand competition model is used in this analysis.

United States, Commodity & service prices, Services information, Capacity, Venture Analysis, Services, Prices and rates, Business enterprises, Duopolies, Company pricing policy

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Imperfect competition and congestion in the City

Article Abstract:

Commuting in cities involves congested transportation facilities. A study on imperfect competition with product differentiation and congestion pricing in urban areas is presented.

France, Science & research, Goods & services distribution, Transportation, Traffic congestion, Product differentiation, Metropolitan areas

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