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Property rights to rent regulated apartments: A path towards decontrol

Author

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  • Michael J. Wolkoff

    (Lecturer in Economics and in the Public Policy Analysis Program at the University of Rochester)

Abstract

Some communities have endured the consequences of rent regulations because of the political costs associated with contemplating decontrol. This article proposes a novel solution for decontrolling rental housing markets by establishing negotiable property rights to the ownership of rent-regulated apartments. A market in property rights can protect existing tenants, satisfy landlord desires for deregulation, and provide a mechanism for raising revenues for an affordable housing fund.

Suggested Citation

  • Michael J. Wolkoff, 1990. "Property rights to rent regulated apartments: A path towards decontrol," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 9(2), pages 260-265.
    • Handle: RePEc:wly:jpamgt:v:9:y:1990:i:2:p:260-265
    DOI: 10.2307/3325416
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    References listed on IDEAS

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    1. Jerry Blankenship & David L. Weimer, 1985. "The Double Inefficiency of the Windfall Profits Tax on Crude Oil," The Energy Journal, International Association for Energy Economics, vol. 0(Special I).
    2. Edgar O. Olsen & Kathy A. York, 1984. "The Effect of Different Measures of Benefit on Estimates of the Distributive Consequences of Government Programs," NBER Chapters, in: Economic Transfers in the United States, pages 177-198, National Bureau of Economic Research, Inc.
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