STATE REGULATION AS A PREREQUISITE OF REFORMING LOCAL MARKETS OF HOUSING AND COMMUNAL UTILITY SERVICES
Efficiency of reforms at the housing and communal utility services market depends on the role of the government to a great extent. The need for state regulation is stipulated by two factors: imperfection of the housing market and lack of necessary information. All this leads to formation of local monopolies. Four models of state participation in reforming housing and communal utility services sector are singled out as a result of the analysis that has been conducted. They are American, English, German and French. The target of the institutional reforms of the housing and communal utility services market is the increase of market efficiency and social justice. Thus the system of state support should be aimed at financing both the objects and the subjects of the housing and communal utility services market.