Campus Only Senior Thesis
Bachelor of Arts
S. Brock Blomberg
© 2012 Megha Maniar
The Indian urban rental market is complex and yet ever-changing, with the ups and downs of housing demand playing a fundamental role in the affordability and stability of the market. This paper determines the income and price elasticities of demand using the demand function and Slutsky equation, respectively, for the urban rental market in order to help craft suitable national housing policy. Through this analysis, it is determined that the urban rental price elasticity of demand is -0.93 and the income elasticity is 0.81, suggesting that rental price subsidies and private income taxes are the most effective policy measures to ensure affordability in urban India.
Maniar, Megha, "The Great Indian Affordable Housing Crisis: Determining the Price and Income Elasticities of Urban Rental Housing Demand" (2012). CMC Senior Theses. 328.
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