Wrong-headed policies in the name of the poor: case of Mumbai's ceased-buildings
By: Pethe, A and Sharma, R
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BookPublisher: Ubran India Description: 39(2), Jul-Dec, 2019: p.64-79.Subject(s): Affordable housing, Ceased-building, Mumbai, Policy evaluation, Rent controlSummary: This paper is based on the premise that good governance and policy design must be informed by sound economic principles since policies create incentives that influence behaviour of the agents and agencies, leading them to take actions that in turn lead to outcomes. Such outcomes when undesired, can distort the respective markets. Indeed, policies in the name of the poor have often led to repositioning of ‘agents and agencies’ that lead to situations that ultimately harm the interests of the poor. Hence, we believe that upon noticing the undesired outcomes a critical evaluation of the underlying policy framework is paramount to deal with the root cause instead of symptomatic treatment. As an illustration of the above argument, we scrutinise the case of an important segment of housing market viz., cessed-buildings in Mumbai that came about as an outcome of the Rent Control Act 1947 and its surrounding offshoots/tributaries. - Reproduced
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Articles
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Indian Institute of Public Administration | 39(2), Jul-Dec, 2019: p.64-79 | Available | AR123285 |
This paper is based on the premise that good governance and policy design must be informed by sound economic principles since policies create incentives that influence behaviour of the agents and agencies, leading them to take actions that in turn lead to outcomes. Such outcomes when undesired, can distort the respective markets. Indeed, policies in the name of the poor have often led to repositioning of ‘agents and agencies’ that lead to situations that ultimately harm the interests of the poor. Hence, we believe that upon noticing the undesired outcomes a critical evaluation of the underlying policy framework is paramount to deal with the root cause instead of symptomatic treatment. As an illustration of the above argument, we scrutinise the case of an important segment of housing market viz., cessed-buildings in Mumbai that came about as an outcome of the Rent Control Act 1947 and its surrounding offshoots/tributaries. - Reproduced
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