Homburg, Stefan - In: Journal of Institutional and Theoretical Economics 149 (1993) 2, pp. 464-474
The article analyzes the welfare impact of Germany's tenant protection law. It shows why tenants do not demand … protection in a market equilibrium, notwithstanding that moving expenses may be considerable. Under this assumption, tenant … protection enforced by the law makes tenants worse off in the long run, whereas the number of actual evictions remains unchanged. …