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Estimating the Costs of Partial-Coverage Rent Controls: A Stochastic Frontier Approach

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  • Caudill, Steven B

Abstract

This paper presents a modified frontier approach to estimate hedonic regressions for data on rent-controlled and uncontrolled apartments. This new approach allows the author to estimate the size of the subsidy from landlords to tenants of rent-controlled apartments. In addition, this method provides the first estimates of the amount by which controls increase rents for uncontrolled apartments. The study shows that, in New York City in 1968, rents in the controlled sector would rise 22 to 26 percent upon decontrol, while rents in the uncontrolled sector would fall about 22 to 25 percent upon removal of rent controls. Copyright 1993 by MIT Press.

Suggested Citation

  • Caudill, Steven B, 1993. "Estimating the Costs of Partial-Coverage Rent Controls: A Stochastic Frontier Approach," The Review of Economics and Statistics, MIT Press, vol. 75(4), pages 727-731, November.
    • Handle: RePEc:tpr:restat:v:75:y:1993:i:4:p:727-31
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    Cited by:

    1. Kholodilin, Konstantin A., 2024. "Rent control effects through the lens of empirical research: An almost complete review of the literature," Journal of Housing Economics, Elsevier, vol. 63(C).
    2. repec:ejw:journl:v:6:y:2009:i:1:p:73-112 is not listed on IDEAS
    3. Loïc Bonneval & Florence Goffette‐Nagot & Zhejin Zhao, 2022. "The impact of rent control: Investigations on historical data in the city of Lyon," Growth and Change, Wiley Blackwell, vol. 53(4), pages 1646-1667, December.
    4. Konstantin A. Kholodilin, 2025. "The Impact of Governmental Regulations on Housing Market: Findings of a Meta-Study of Empirical Literature," Discussion Papers of DIW Berlin 2113, DIW Berlin, German Institute for Economic Research.
    5. Hilber, Christian A. L. & Schöni, Olivier, 2016. "Housing policies in the United Kingdom, Switzerland, and the United States: lessons learned," LSE Research Online Documents on Economics 72818, London School of Economics and Political Science, LSE Library.
    6. Nagy, John, 1997. "Do Vacancy Decontrol Provisions Undo Rent Control?," Journal of Urban Economics, Elsevier, vol. 42(1), pages 64-78, July.
    7. Stacy, Christina & Hodge, Timothy R. & Komarek, Timothy M. & Davis, Christopher & Stern, Alena & Noble, Owen & Morales-Burnett, Jorge & Rogin, Amy, 2025. "Rent control and the supply of affordable housing," Journal of Housing Economics, Elsevier, vol. 68(C).
    8. Early, Dirk W., 2000. "Rent Control, Rental Housing Supply, and the Distribution of Tenant Benefits," Journal of Urban Economics, Elsevier, vol. 48(2), pages 185-204, September.

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