Quantifying misallocation of public housing
研究了荷兰公共住房中租金管制与集中等待名单机制导致的住房分配效率损失，发现租户住房价值平均偏离有效分配7.5%，年福利损失约65欧元/户。
We empirically investigate how rent control combined with the use of a non-market allocation mechanism – centralised waiting lists – affects the efficiency of housing allocation among public-housing tenants. We show that, on average, Dutch public-housing tenants consume a house whose value differs by 7.5% from what they would consume under an efficient allocation. This entails particularly large transfers in housing consumption from younger households to older households. The annual welfare loss arising from misallocation within the public-housing sector is modest, estimated at around €65 per tenant. • The study examines the impact of rent control and waiting lists on allocation efficiency among Dutch public housing tenants. • Public tenants consume a house whose value differs by 7.5% from what they would consume under efficient allocation. • Annual welfare loss per tenant arising from misallocation is modest, estimated at around €65.