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Rent-Control and Prices of Owner Occupied Housing

Author

Listed:
  • Häckner, Jonas

    () (Dept. of Economics, Stockholm University)

  • Nyberg, Sten

    () (Dept. of Economics, Stockholm University)

Abstract

We examine the relation between rent control and prices of owner occupied housing in the presence of different qualities of housing. While a rent ceiling and the price of condominiums are substitutes if housing is undifferentiated, it is shown that this is not necessarily the case when housing differs in quality. A complete dismantling of rent-control may in fact increase the price of condominiums.

Suggested Citation

  • Häckner, Jonas & Nyberg, Sten, 1998. "Rent-Control and Prices of Owner Occupied Housing," Research Papers in Economics 1997:7, Stockholm University, Department of Economics.
  • Handle: RePEc:hhs:sunrpe:1997_0007
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    References listed on IDEAS

    as
    1. Richard Arnott, 1995. "Time for Revisionism on Rent Control?," Journal of Economic Perspectives, American Economic Association, vol. 9(1), pages 99-120, Winter.
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    Cited by:

    1. Konstantin A. Kholodilin & Julien Licheron, 2017. "Macroeconomic Effects of Rental Housing Regulations: The Case of Germany in 1950-2015," Discussion Papers of DIW Berlin 1649, DIW Berlin, German Institute for Economic Research.
    2. Jos Van Ommeren & Marnix Koopman, 2010. "Public Housing and the Value of Apartment Quality to Households," Tinbergen Institute Discussion Papers 10-085/3, Tinbergen Institute.
    3. Munch, Jakob Roland & Svarer, Michael, 2002. "Rent control and tenancy duration," Journal of Urban Economics, Elsevier, vol. 52(3), pages 542-560, November.
    4. Morten Skak & Gintautas Bloze, 2013. "Rent Control and Misallocation," Urban Studies, Urban Studies Journal Limited, vol. 50(10), pages 1988-2005, August.
    5. Fetter, Daniel K., 2016. "The Home Front: Rent Control and the Rapid Wartime Increase in Home Ownership," The Journal of Economic History, Cambridge University Press, vol. 76(04), pages 1001-1043, December.
    6. Van Ommeren, Jos N. & Van der Vlist, Arno J., 2016. "Households' willingness to pay for public housing," Journal of Urban Economics, Elsevier, vol. 92(C), pages 91-105.
    7. Van Ommeren, Jos & Koopman, Marnix, 2011. "Public housing and the value of apartment quality to households," Regional Science and Urban Economics, Elsevier, vol. 41(3), pages 207-213, May.

    More about this item

    Keywords

    rent control; product differentiation; rationing;

    JEL classification:

    • D45 - Microeconomics - - Market Structure, Pricing, and Design - - - Rationing; Licensing
    • D49 - Microeconomics - - Market Structure, Pricing, and Design - - - Other

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