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Moderate Rent Controls: A Microeconomic and Public Choice Analysis

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  • Bruce D. Mann
  • Michael Veseth

Abstract

Why do people vote for (and against) moderate rent controls? The microeconomic effects of rent controls are complex–they affect both renters and homeowners in many ways, creating a complicated pattern of winners and losers. Renters stand to gain initially from the controlled rents, but competition for scarce housing dissipates these gains. Homeowners are affected by changing housing demand patterns and shifts in property tax burdens. An econometric analysis of the 1980 Seattle, Washington rent control referendum supports the conclusion that voters recognized the microeconomic gains and losses and voted accordingly on this issue. Use of census tract data makes this public choice analysis particularly strong compared to other studies that aggregate voters at the city or county level, possibly missing important intrajurisdiction voting patterns.

Suggested Citation

  • Bruce D. Mann & Michael Veseth, 1983. "Moderate Rent Controls: A Microeconomic and Public Choice Analysis," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 11(3), pages 333-343, September.
    • Handle: RePEc:bla:reesec:v:11:y:1983:i:3:p:333-343
    DOI: 10.1111/1540-6229.00294
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    Cited by:

    1. Weber, Jan Philip & Lee, Gabriel, . "On the Measure of Private Rental Market Regulation Index and its Effect on Housing Rents: Cross Country Evidence," Beiträge zur Immobilienwirtschaft, University of Regensburg, Department of Economics, number 21, August.
    2. Denton Marks, 1991. "On Resolving the Dilemma of Rent Control," Urban Studies, Urban Studies Journal Limited, vol. 28(3), pages 415-431, June.

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