Improvement of Owner‐Occupied Rental Housing: A Game‐theoretic Study of the Decision to Invest
作者:
Michael O'Hare,
期刊:
Real Estate Economics
(WILEY Available online 1981)
卷期:
Volume 9,
issue 1
页码: 54-66
ISSN:1080-8620
年代: 1981
DOI:10.1111/1540-6229.00231
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
Game‐theoretic analysis of an owner's decision about renovating or improving his property indicates that some socially desirable choices are dominated, given the owner's preferences. In the case of owner‐occupied multiple dwellings, public policy should revise the institutions that force the owner to injure society in order to benefit himself and his tenants. Separating assessment from building permit issuance (in the area of tax administration), and revising building codes to permit owners to do their own work under appropriate supervision where licensed contractors are now required (in the area of regulation), would be socially benefic
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