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Time for Revisionism on Rent Control?

Time for Revisionism on Rent Control? Abstract Economists’ traditional hostility to rent contols is based on models that treat the housing market as perfectly competitive and on the experience with ‘hard’ controls in New York City and many European countries following World War II. The current ‘soft’ rent control systems in North America are varied and qualitatively different from earlier hard controls. The theoretical case against them is weak, particularly when the housing market is viewed as imperfectly competitive. The empirical case against them is weak, too. Economists should reconsider their blanket opposition to current rent control systems and evaluate them on a case-by-case basis. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Perspectives American Economic Association

Time for Revisionism on Rent Control?

Journal of Economic Perspectives , Volume 9 (1) – Feb 1, 1995

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References (76)

Publisher
American Economic Association
Copyright
Copyright © 1995 by the American Economic Association
Subject
Articles
ISSN
0895-3309
DOI
10.1257/jep.9.1.99
Publisher site
See Article on Publisher Site

Abstract

Abstract Economists’ traditional hostility to rent contols is based on models that treat the housing market as perfectly competitive and on the experience with ‘hard’ controls in New York City and many European countries following World War II. The current ‘soft’ rent control systems in North America are varied and qualitatively different from earlier hard controls. The theoretical case against them is weak, particularly when the housing market is viewed as imperfectly competitive. The empirical case against them is weak, too. Economists should reconsider their blanket opposition to current rent control systems and evaluate them on a case-by-case basis.

Journal

Journal of Economic PerspectivesAmerican Economic Association

Published: Feb 1, 1995

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