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Author: | Häckner, J. Nyberg, S. |
Title: | Rent control and prices of owner-occupied housing |
Journal: | Scandinavian Journal of Economics
2000 : JUN, VOL. 102:2, p. 311-324 |
Index terms: | Property Rents Control Rationing Product differentiation Markets Prices Theories Models |
Language: | eng |
Abstract: | The relation between rent control and prices of owner-occupied housing in the presence of different qualities of housing is examined. 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. |
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