Microeconomic Perspectives on the Structure and Operation of Local Housing Markets

In the mid-1990s, there was a feeling that economists’ contributions to housing policy debates were of limited interest to other housing analysts. As Maclennan ampentity Whitehead (1996) noted in the Editorial to a special ‘housing economics’ issue of Housing Studies, “many of those interested in housing studies find the approach taken by housing economists both difficult to follow and of insufficient interest to make it worthwhile to understand the language” (p. 341).