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Logit analysis of the effect of rent control on housing quality

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  • David L. Mengle
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    Abstract

    Rent control is one of the few policy issues on which there is a general agreement among economists. Economic theory predicts, and few economists have tried to dispute, that imposing rent controls on a housing market is likely to lead to rental housing shortages and general deterioration of quality. Even on income distribution grounds, rent control receives poor reviews, since it is generally agreed to be a clumsy and inexact means of helping the poor.

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    File URL: http://www.richmondfed.org/publications/research/working_papers/1985/wp_85-6.cfm
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    Bibliographic Info

    Paper provided by Federal Reserve Bank of Richmond in its series Working Paper with number 85-06.

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    Date of creation: 1985
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    Handle: RePEc:fip:fedrwp:85-06

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    Related research

    Keywords: Housing ; Rent control;

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    1. Linneman, Peter, 1980. "Some empirical results on the nature of the hedonic price function for the urban housing market," Journal of Urban Economics, Elsevier, vol. 8(1), pages 47-68, July.
    2. Kearl, J R, et al, 1979. "A Confusion of Economists?," American Economic Review, American Economic Association, vol. 69(2), pages 28-37, May.
    3. Kenneth F. Wieand, 1983. "The Performance of Annual Housing Survey Quality Measures in Explaining Dwelling Rentals in 20 Metropolitan Areas," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 11(1), pages 45-68.
    4. Amemiya, Takeshi, 1981. "Qualitative Response Models: A Survey," Journal of Economic Literature, American Economic Association, vol. 19(4), pages 1483-1536, December.
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