Working Paper Series
Per Högberg and Anders Klevmarken
The Linear Expenditure System and Demand for Housing under Rent Control
Abstract: In most applications of complete systems of demand
functions to national accounts data it is implicitly assumed that the
demand functions are identified. For post-war Sweden this is not an
altogether good assumption because due to rent control there was an excess
demand for housing. In this paper the linear expenditure system is modified
to include a supply function for housing. Supply is simply assumed to be a
function of excess demand. The model is estimated by the maxi mum
likelihood method and the results are compared to those obtained for the
ordinary linear expenditure system.
Keywords: Housing demand; Rent control; Sweden; (follow links to similar papers)
JEL-Codes: R21; R31; (follow links to similar papers)
24 pages, May 1977
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