Basu, Kaushik; Emerson, Patrick M. - In: Economica 70 (2003) 278, pp. 223-232
This paper presents a model of 'tenancy rent control' where rent increases on, and evictions of, sitting tenants are prohibited but nominal rents for "new" tenants are unrestricted. If there is "any" inflation, landlords prefer to take short-staying tenants. If there is no way for landlords to...