The prevalent practice of public participation in housing is taken as indicating a 'revealed public preference' for better housing for the poor. Assuming that sufficient external benefit exists to justify public housing, this paper attempts to derive analytically the best public housing...

This paper discusses the rationale behind rent control and analyses its effects using a capital theory framework in combination with traditional bid rent analysis. The experience in Hong Kong and Ontario is found to support the author's hypothesis that in addition to the reasons given by other...

Using a simple model, this paper demonstrates that efficient pricing of factors of production within the city may make a city efficient, yet this does not guarantee that the equilibrium city size will be optimal. Efficiency only means that whatever service level is produced is produced at...