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The Misallocation of Housing Under Rent Control Author info | Abstract | Publisher info | Download info | Related research | Statistics Edward L. Glaeser
Erzo F. P. Luttmer
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The standard analysis of price controls assumes that goods are efficiently allocated, even when there are shortages. But if shortages mean that goods are randomly allocated across the consumers that want them, the welfare costs from misallocation may be greater than the undersupply costs. We develop a framework to empirically test for misallocation. The methodology compares consumption patterns for demographic subgroups in rent-controlled and free-market places. We find that in New York City, which is rent-controlled, an economically and statistically significant fraction of apartments appears to be misallocated across demographic subgroups. (JEL C25, D12, D61, R20)
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Article provided by American Economic Association in its journal American Economic Review .
Volume (Year): 93 (2003)
Issue (Month): 4 (September)
Pages: 1027-1046
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Handle: RePEc:aea:aecrev:v:93:y:2003:i:4:p:1027-1046Contact details of provider: Email: Web page: http://www.aeaweb.org/aer/ More information through EDIRC
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Deacon, Robert T & Sonstelie, Jon, 1989.
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"The Misallocation of Housing Under Rent Control ,"
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Other versions:
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Erzo F.P. Luttmer, 2007.
"Does the Minimum Wage Cause Inefficient Rationing? ,"
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Other versions:
Erzo F.P. Luttmer, 2007.
"Does the Minimum Wage Cause Inefficient Rationing? ,"
IZA Discussion Papers
2713, Institute for the Study of Labor (IZA).
[Downloadable!] Luttmer, Erzo F. P., 2007.
"Does the Minimum Wage Cause Inefficient Rationing? ,"
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"Does the Minimum Wage Cause Inefficient Rationing? ,"
The B.E. Journal of Economic Analysis & Policy ,
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Economics Working Papers
858, Department of Economics and Business, Universitat Pompeu Fabra.
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Other versions: Edward L. Glaeser & Erzo F. P. Luttmer, 2003.
"The Misallocation of Housing Under Rent Control ,"
American Economic Review ,
American Economic Association, vol. 93(4), pages 1027-1046, September.
[Downloadable!]
Other versions: Lucas W. Davis & Lutz Kilian, 2008.
"The Allocative Cost of Price Ceilings in the U.S. Residential Market for Natural Gas ,"
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Blair Jenkins, 2009.
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David S. Lee & Emmanuel Saez, 2008.
"Optimal Minimum Wage Policy in Competitive Labor Markets ,"
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1105, Princeton University, Department of Economics, Industrial Relations Section..
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David Lee & Emmanuel Saez, 2008.
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14320, National Bureau of Economic Research, Inc.
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Carl Mason & John Quigley, 2006.
"The Curious Institution of Mobile Home Rent Control: An Analysis of Mobile Home Parks in California ,"
Berkeley Program on Housing and Urban Policy, Working Paper Series
1066, Berkeley Program on Housing and Urban Policy.
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Richard Arnott & Elizaveta Shevyakhova, 2008.
"Tenancy Rent Control And Credible Commitment In Maintenance ,"
Working Papers
200812, University of California at Riverside, Department of Economics, revised Sep 2008.
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Other versions: Filip Palda, 2001.
"Rent Control Evasion: Effects on Income and Deadweight Loss ,"
Urban/Regional
0112001, EconWPA.
[Downloadable!]
repec:bep:eapcon:v:7:y:2007:i:1:p:1768-1768 is not listed on IDEAS
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