Working Paper No. 12

The Linear Expenditure System and Demand for Housing under Rent Control


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.

Global index of the sharing economy

Timbro SEI

2018 Bergh Funcke Wernberg - Timbro Sharing Economy Index-1fHemsidan.jpg

Andreas Bergh, IFN and Lund University, is one of the authors of this book. The Timbro Sharing Economy Index is the first global index of the sharing economy. The index has been compiled using traffic volume data and scraped data, and provides a unique insight into the driving factors behind the peer-to-peer economy.

About the book

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