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 …

The question of rent in economic theory is rather complicated, even at the level of its definition. This article … attempts to get back to basics in order to clear things up and present a complete and correct theory of rent. Starting with the … classical definition of rent, as an income earned by the owner of non-produced inputs, it clarifies first the definitions of the …

form of compliance cost could be rent seeking by employing "expensive design and a trophy architect" to get "more rentable …