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La proposition du Conseil fédéral pour le nouveau droit du bail à loyer : une analyse économique


  • Pascal RAESS


This paper critically analyses the proposed law for regulating the rental housing market. The swiss tenants have made mostly negative experiences with the rate of return regulation practiced in the last 20 years. Nevertheless, the new law does not address these problems. If the new proposed law were to be enacted, it would probably lead to a significant rise in real rents in the near future. The shortcomings of the proposal are such that it has to be completely revised. We advocate a laissez-faire solution for the contracting of new leases combined with indexation on the CPI for on-going leases. Such a measure would permit a market evolution satisfying both landlords and tenants.

Suggested Citation

  • Pascal RAESS & Thomas VON UNGERN-STERNBERG, 1999. "La proposition du Conseil fédéral pour le nouveau droit du bail à loyer : une analyse économique," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 9905, Université de Lausanne, Faculté des HEC, DEEP.
  • Handle: RePEc:lau:crdeep:9905

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    References listed on IDEAS

    1. Arnott, Richard J & Stiglitz, Joseph E, 1981. "Aggregate Land Rents and Aggregate Transport Costs," Economic Journal, Royal Economic Society, vol. 91(362), pages 331-347, June.
    2. D B Lee & C P Averous, 1973. "Land use and transportation: basic theory," Environment and Planning A, Pion Ltd, London, vol. 5(4), pages 491-502, April.
    3. Richard J. Arnott & Joseph E. Stiglitz, 1979. "Aggregate Land Rents, Expenditure on Public Goods, and Optimal City Size," The Quarterly Journal of Economics, Oxford University Press, vol. 93(4), pages 471-500.
    4. Kanemoto, Yoshitsugu, 1980. "Theories of urban externalities," MPRA Paper 24614, University Library of Munich, Germany.
    5. Flatters, Frank & Henderson, Vernon & Mieszkowski, Peter, 1974. "Public goods, efficiency, and regional fiscal equalization," Journal of Public Economics, Elsevier, vol. 3(2), pages 99-112, May.
    6. Getz, Malcolm, 1975. "A model of the impact of transportation investment on land rents," Journal of Public Economics, Elsevier, vol. 4(1), pages 57-74, February.
    7. D B Lee Jr. & C P Averous, 1973. "Land Use and Transportation: Basic Theory," Environment and Planning A, , vol. 5(4), pages 491-502, August.
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    More about this item


    housing; hold-up; regulation; indexation;

    JEL classification:

    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General


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