=+e. Now consider instead a housing price subsidy under which the government tells qualified families that it
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=+e. Now consider instead a housing price subsidy under which the government tells qualified families that it will pay some fraction of their rental bills in the private housing market. If this rental subsidy is set so as to make the household just as well off as it was under public housing, will it lead to more or less consumption of housing than if the household chooses public housing?
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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