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Time for Revisionism on Rent Control?

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  • Arnott, Richard

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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Bibliographic 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
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:aea:jecper:v:9:y:1995:i:1:p:99-120

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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Contrôle des loyers et pouvoir d'achat
    by Ecopublix in Ecopublix on 2007-12-06 17:39:00
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
  1. Richard Arnott, 1997. "Rent Control," Boston College Working Papers in Economics 391., Boston College Department of Economics.
  2. Johannes Hoffmann & Claudia Kurz, 2002. "Rent indices for housing in West Germany 1985 to 1998," Working Paper Series 116, European Central Bank.
  3. 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.
  4. Raquel Arévalo & Javier Ruiz-Castillo, 2006. "On the Imputation of Rental Prices to Owner-occupied Housing," Journal of the European Economic Association, MIT Press, vol. 4(4), pages 830-861, 06.
  5. Häckner, Jonas & Nyberg, Sten, 1998. "Rent-Control and Prices of Owner Occupied Housing," Research Papers in Economics 1997:7, Stockholm University, Department of Economics.
  6. Bloze, Gintautas & Skak, Morten, 2009. "Rent control and misallocation," Discussion Papers of Business and Economics 7/2009, Department of Business and Economics, University of Southern Denmark.
  7. 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.
  8. repec:phd:dpaper:rps_2002-09 is not listed on IDEAS
  9. Basu, Kaushik & Emerson, Patrick M., 2000. "The Economics of Tenancy Rent Control," Working Papers 00-04, Cornell University, Center for Analytic Economics.
  10. Edward L. Glaeser, 1996. "The Social Costs of Rent Control Revisited," NBER Working Papers 5441, National Bureau of Economic Research, Inc.
  11. Filip Palda, 2001. "Rent Control Evasion: Effects on Income and Deadweight Loss," Urban/Regional 0112001, EconWPA.
  12. 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.
  13. Lawrence B. Smith, 2003. "Intertenancy Rent Decontrol in Ontario," Canadian Public Policy, University of Toronto Press, vol. 29(2), pages 213-225, June.
  14. Katherine Cuff Nicolas Marceau, 2007. "Tenancy Default, Excess Demand and the Rental Market," Department of Economics Working Papers 2007-08, McMaster University.
  15. Basu, Kaushik & Emerson, Patrick, 1998. "The economic and law of rent control," Policy Research Working Paper Series 1968, The World Bank.
  16. 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.
  17. Teemu Lyytikäinen, 2006. "Rent Control and Tenants' Welfare: The Effects of Deregulating Rental Markets in Finland," Discussion Papers 385, Government Institute for Economic Research Finland (VATT).
  18. 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.

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