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Analyzing Rent Control: The Case of Los Angeles

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  • Murray, Michael P, et al

Abstract

An accurate assessment of the economic effects of a rent control law requires that both the specific provisions of the ordinance and the characteristics of the local housing market be considered. Examining the case of Los Angeles, the authors conclude that, first, most of the transfers from landlords to tenants were realized early in the law's life, while most of the economic cost of rent control was incurred later; and, second, ordinance provisions aimed at increasing landlord's incentives to maintain rent-controlled dwellings also markedly reduce the size of the transfers to tenants. These results, the authors think, will apply to other jurisdictions. Coauthors are C. Peter Rydell, C. Lance Barnett, Carol E. Hillestad, and Kevin Neels. Copyright 1991 by Oxford University Press.

Suggested Citation

  • Murray, Michael P, et al, 1991. "Analyzing Rent Control: The Case of Los Angeles," Economic Inquiry, Western Economic Association International, vol. 29(4), pages 601-625, October.
  • Handle: RePEc:oup:ecinqu:v:29:y:1991:i:4:p:601-25
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    Cited by:

    1. Goodman, Allen C., 2005. "Central cities and housing supply: Growth and decline in US cities," Journal of Housing Economics, Elsevier, vol. 14(4), pages 315-335, December.
    2. Heffley, Dennis, 1998. "Landlords, tenants and the public sector in a spatial equilibrium model of rent control," Regional Science and Urban Economics, Elsevier, vol. 28(6), pages 745-772, November.
    3. Zheng, Diehang & Deng, Yongheng & Gordon, Peter & Dale-Johnson, David, 2007. "An examination of the impact of rent control on mobile home prices in California," Journal of Housing Economics, Elsevier, vol. 16(2), pages 209-242, June.
    4. McFarlane, Alastair, 2003. "Rent stabilization and the long-run supply of housing," Regional Science and Urban Economics, Elsevier, vol. 33(3), pages 305-333, May.
    5. G. Donald Jud & John D. Benjamin & G. Stacy Sirmans, 1996. "What Do We Know about Apartments and Their Markets?," Journal of Real Estate Research, American Real Estate Society, vol. 11(3), pages 243-258.

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