Bradburd, Ralph; Sheppard, Stephen; Bergeron, Joseph; … - In: Journal of Regional Science 46 (2006) 3, pp. 455-491
We use agent-based models to consider rent ceilings in non-Walrasian housing markets, where bargaining between landlord and tenant leads to exchange at a range of prices. In the non-Walrasian setting agents who would be extramarginal in the Walrasian setting frequently are successful in renting,...