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Time for Revisionism on Rent Control?

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Author Info
Arnott, Richard

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Abstract

Economists' traditional hostility to rent contols is based on models that treat the housing market as perfectly competitive and on the experience with 'hard' controls in New York City and many European countries following World War II. The current 'soft' rent control systems in North America are varied and qualitatively different from earlier hard controls. The theoretical case against them is weak, particularly when the housing market is viewed as imperfectly competitive. The empirical case against them is weak, too. Economists should reconsider their blanket opposition to current rent control systems and evaluate them on a case-by-case basis. Copyright 1995 by American Economic Association.

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Publisher Info
Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 9 (1995)
Issue (Month): 1 (Winter)
Pages: 99-120
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Handle: RePEc:aea:jecper:v:9:y:1995:i:1:p:99-120

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  1. Ballesteros, Marife Magno, 2001. "Benefits (and Losses) From Rent Control in the Philippines: An Empirical Study of Metro Manila," Discussion Papers DP 2001-23, Philippine Institute for Development Studies. [Downloadable!]
  2. Robert N. Bernard, 1999. "Using Adaptive Agent-Based Simulation Models to Assist Planners in Policy Development: The Case of Rent Control," Working Papers 99-07-052, Santa Fe Institute.
  3. Richard Arnott, 1997. "Rent Control," Boston College Working Papers in Economics 391., Boston College Department of Economics. [Downloadable!]
  4. Häckner, Jonas & Nyberg, Sten, 1998. "Rent-Control and Prices of Owner Occupied Housing," Research Papers in Economics 1997:7, Stockholm University, Department of Economics.
    Other versions:
  5. Johannes Hoffmann & Claudia Kurz, 2002. "Rent indices for housing in West Germany 1985 to 1998," Working Paper Series 116, European Central Bank. [Downloadable!]
    Other versions:
  6. Abhay Pethe, 2005. "Infrastructure Finance In The Time Of Revenue Crunch: Exploring New Avenues for Urban Local Bodies," Working Papers id:31, esocialsciences.com. [Downloadable!]
  7. Basu, Kaushik & Emerson, Patrick M., 2000. "The Economics of Tenancy Rent Control," Working Papers 00-04, Cornell University, Center for Analytic Economics. [Downloadable!]
  8. Roderick Hill & Anthony Myatt, 2007. "Overemphasis on Perfectly Competitive Markets in Microeconomics Principles Textbooks," Journal of Economic Education, Helen Dwight Reid Foundation, vol. 38(1), pages 58-77. [Downloadable!]
  9. Basu, Kaushik & Emerson, Patrick, 1998. "The economic and law of rent control," Policy Research Working Paper Series 1968, The World Bank. [Downloadable!]
  10. 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:
  11. Katherine Cuff and Nicolas Marceau, 2007. "Tenancy Default, Excess Demand and the Rental Market," Department of Economics Working Papers 2007-08, McMaster University. [Downloadable!]
  12. Hans Lind, 2001. "Rent Regulation: A Conceptual And Comparative Analysis," European Journal of Housing Policy, Taylor and Francis Journals, vol. 1(1), pages 41-57, April. [Downloadable!] (restricted)
  13. Blair Jenkins, 2009. "Yet Another Refutation of the More Guns, Less Crime Hypothesis - With Some Help From Moody and Marvell," Econ Journal Watch, Atlas Economic Research Foundation, vol. 6(1), pages 73-112, January. [Downloadable!]
  14. 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. [Downloadable!]
    Other versions:
  15. Edward L. Glaeser, 1996. "The Social Costs of Rent Control Revisited," NBER Working Papers 5441, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  16. Filip Palda, 2001. "Rent Control Evasion: Effects on Income and Deadweight Loss," Urban/Regional 0112001, EconWPA. [Downloadable!]
  17. Lawrence B. Smith, 2003. "Intertenancy Rent Decontrol in Ontario," Canadian Public Policy, University of Toronto Press, vol. 29(2), pages 213-225, June. [Downloadable!] (restricted)
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