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- Title
THE STRUCTURE OF THE HOUSING MARKET.
- Authors
Blank, David M.; Winnick, Louis
- Abstract
This article focuses on the structure of the housing market in the United States in the 1950s. This analysis has been concerned with an effort to establish a formal scheme for analyzing the behavior of a market that differs in important respects from most markets to which economists have paid attention. In this process it was found necessary to distinguish between several sub-markets whose attributes single them out for separate treatment. Two analytic time periods were considered, the standing stock period and the construction period, of which the former has greater relative importance than in most other consumer markets. Finally, an attempt was made to indicate the links between the several sub-markets and to point the way in which relationships within each sub-market may be approached through further sub-classifications that have market significance. Deficiencies at data in a form that is pertinent to the framework suggested here restrict the number of significant hypotheses that may be advanced. It is hoped that the analytic scheme offered here would be useful in the determination of the relevant types of data to be collected.
- Subjects
UNITED States; HOUSING policy; HOUSING market; RENT control; HYPOTHESIS; RESIDENTIAL real estate; CONSUMERS
- Publication
Quarterly Journal of Economics, 1953, Vol 67, Issue 2, p181
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1885333