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Rent control dilemma comeback in Egypt's governance : a hedonic approach
Author
Source
Economic Research Forum : Working Paper Series
Issue
Vol. 2016, Issue 979-1073 (31 Dec. 2016), pp.1-11, 11 p.
Publisher
Economic Research Forum for the Arab Countries Iran and Turkey
Publication Date
2016-12-31
Country of Publication
Egypt
No. of Pages
11
Main Subjects
Abstract EN
This paper applies hedonic pricing models to estimate the relationship between housing prices and characteristics and determines the implicit amount of housing consumed by a typical consumer by tenure type.
The hedonic price approach is used to set up quality-adjusted price indices using household survey data.
By estimating a semi-log hedonic function, the results showed that uncontrolled rent is higher on average than controlled units by around 9 percent after controlling for quality, while about 18 percent of the discrepancy in nominal rents is due to the fact that rent control is in effect.
Therefore, the underpriced units drive out affordable units because of over-pricing at the higher end of the market and underpricing at the lower end of the market.
American Psychological Association (APA)
Atiyyah, Sherin E.. 2016. Rent control dilemma comeback in Egypt's governance : a hedonic approach. Economic Research Forum : Working Paper Series،Vol. 2016, no. 979-1073, pp.1-11.
https://search.emarefa.net/detail/BIM-777283
Modern Language Association (MLA)
Atiyyah, Sherin E.. Rent control dilemma comeback in Egypt's governance : a hedonic approach. Economic Research Forum : Working Paper Series No. 979-1073 (Dec. 2016), pp.1-11.
https://search.emarefa.net/detail/BIM-777283
American Medical Association (AMA)
Atiyyah, Sherin E.. Rent control dilemma comeback in Egypt's governance : a hedonic approach. Economic Research Forum : Working Paper Series. 2016. Vol. 2016, no. 979-1073, pp.1-11.
https://search.emarefa.net/detail/BIM-777283
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 10-11
Record ID
BIM-777283