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Rent Control and Housing Maintenance

Author

Listed:
  • Robert P. Albon

    (Department of Economics, Australian National University, Canberra, Australia)

  • David C. Stafford

    (Department of Economics at the University of Exeter)

Abstract

Controls on the conditions of renting housing can take many different forms, with different consequences for the market. This paper contains analyses of the effects of different regulatory forms on, in particular, the maintenance decision. We review and extend previous approaches and find that not all of the familiar predictions of the basic neoclassical model can be generated by a more sophisticated model. Others have extended the basic model, focusing on the maintenance aspect, but we cannot agree entirely with their conclusions. A careful specification of the relationship between costs and quality is necessary to derive useful predictions about the effects of rent and eviction controls.

Suggested Citation

  • Robert P. Albon & David C. Stafford, 1990. "Rent Control and Housing Maintenance," Urban Studies, Urban Studies Journal Limited, vol. 27(2), pages 233-240, April.
    • Handle: RePEc:sae:urbstu:v:27:y:1990:i:2:p:233-240
    DOI: 10.1080/00420989020080191
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    References listed on IDEAS

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    1. Fane, G. & Sieper, E., 1983. "Preference revelation and monopsony," Journal of Public Economics, Elsevier, vol. 20(3), pages 357-372, April.
    2. Olsen, Edgar O, 1969. "A Competitive Theory of the Housing Market," American Economic Review, American Economic Association, vol. 59(4), pages 612-622, Part I Se.
    3. Robert Albon, 1978. "Rent Control, A Costly Redistributive Device? The Case of Canberra," The Economic Record, The Economic Society of Australia, vol. 54(3), pages 303-313, December.
    4. Cheung, Steven N S, 1975. "Roofs or Stars: The Stated Intents and Actual Effects of a Rents Ordinance," Economic Inquiry, Western Economic Association International, vol. 13(1), pages 1-21, March.
    5. Olsen, Edgar O, 1972. "An Econometric Analysis of Rent Control," Journal of Political Economy, University of Chicago Press, vol. 80(6), pages 1081-1100, Nov.-Dec..
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    Cited by:

    1. Blair Jenkins, 2009. "Rent Control: Do Economists Agree?," Econ Journal Watch, Econ Journal Watch, vol. 6(1), pages 73-112, January.
    2. William Gissy, 1997. "Rent controls and homeless rates," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 3(1), pages 113-121, February.
    3. Claus Michelsen & Dominik Weiss, 2010. "What happened to the East German housing market? A historical perspective on the role of public funding," Post-Communist Economies, Taylor & Francis Journals, vol. 22(3), pages 387-409.
    4. Are Oust, 2018. "The end of Oslo's rent control: Impact on rent level," Economics Bulletin, AccessEcon, vol. 38(1), pages 443-458.
    5. Dominik Weiß & Claus Michelsen, 2011. "The improvement of housing conditions in post com-munist Germany – Market Mechanisms and Subsidy Impacts," ERSA conference papers ersa11p505, European Regional Science Association.

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