Improvement of Owner‐Occupied Rental Housing: A Game‐theoretic Study of the Decision to Invest
用博弈论分析房主是否投资翻修出租房，发现某些对社会有利的选择因房主偏好而被放弃，建议改革税收和建筑法规以激励改善。
Game‐theoretic analysis of an owner's decision about renovating or improving his property indicates that some socially desirable choices are dominated, given the owner's preferences. In the case of owner‐occupied multiple dwellings, public policy should revise the institutions that force the owner to injure society in order to benefit himself and his tenants. Separating assessment from building permit issuance (in the area of tax administration), and revising building codes to permit owners to do their own work under appropriate supervision where licensed contractors are now required (in the area of regulation), would be socially beneficial.