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...

The article presents and illuminates evidence, based on recent Hong Kong experience, indicating the existence of a "housing ladder effect" when housing prices increase or decrease. An increase of housing equity at the bottom of the ladder tends to translate into a trading up activity that will...

This paper provides an overview of the medical care system in the People's Republic of China, and assesses the impact of market reforms on the evolution of the medical care system. There is clear indication that China is moving towards a 'prepaid' system closely related to the HMO of the west....