units due to rent control in New York City. This methodology involves comparing the relative consumption of different … demographic groups within the rent controlled area with the relative levels of consumption in a free market area. Our best … estimate of the costs of rent control in New York due to the misallocation of rental apartments is 200 dollars per apartment …

units due to rent control in New York City. This methodology involves comparing the relative consumption of different … demographic groups within the rent controlled area with the relative levels of consumption in a free market area. Our best … estimate of the costs of rent control in New York due to the misallocation of rental apartments is 200 dollars per apartment …

loss. A major social cost of rent control is that without a fully operational price mechanism the 'wrong' consumers end up … using apartments. When prices are set below market price, many consumers want to rent apartments even though they receive … are second order. Thus for a sufficiently marginal implementation of rent control, these costs will always be more …

loss. A major social cost of rent control is that without a fully operational price mechanism the 'wrong' consumers end up … using apartments. When prices are set below market price, many consumers want to rent apartments even though they receive … are second order. Thus for a sufficiently marginal implementation of rent control, these costs will always be more …