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Rent controls are probably the best researched and understood form of price control in economics. Their consequences … are widely regarded as being extremely damaging and UK experience confirms this.In Britain, the period of rent controls … lower labour mobility.Interest groups and politicians are now advocating what are known as ‘second generation’ rent controls …
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This paper examines the rent determinants of sub-divided units (SDUs) in Hong Kong by hedonic pricing models. The … make trade-offs of living space and housing facilities for lower rent, resulting in overcrowdedness and poor living … rent. Meanwhile, due to the illegality of the building works, most rental agreements are arranged informally. Relatively …
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Assessing rent discounts implied by rent regulation is challenging because the counterfactual rents of regulated units … in the unregulated market are not observed. We estimate these counterfactual rents and predict the quality-adjusted rent … discount for each rent-stabilized unit in New York City (NYC) using novel data from 2002 to 2017. We find robust average rent …
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This study investigates the effects of short-lived rent control regulations introduced in Catalonia in September 2020 … January 2017 and May 2022, we analyze the dynamics of prices and supply for dwellings offered for rent and for sale. We also … examine separately the rental and sales markets. We find that the introduction of rent control led to a reduction in rents in …
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