ESTIMATING THE BENEFITS OF PUBLIC‐HOUSING PROGRAMS: A CHARACTERISTICS APPROACH*
通过定义住房属性上的Stone-Geary效用函数，估计需求方程系统，并利用结构参数评估比利时公共租赁住房项目的收益和消费效应，改进了以往仅依赖综合商品“住房服务”的研究。
ABSTRACT. In this paper we specify a Stone‐Geary utility function defined on housing attributes and other goods, empirically estimate the derived system of demand equations, and use the structural parameters to evaluate the benefits and consumption effects of a Belgian public rental housing program. By taking the composition of the bundle of housing attributes provided under the program into account, this study improves upon previous research which–with few exceptions–relies on a composite good, housing services.