Time for Revisionism on Rent Control?

Rent Control

Coordination , Rent - Seeking and Control ∗

Two agents want to coordinate their decisions but may also try to extract rents from each other. Decsions are negotiated at the interim stage, when the agents have private information. The agent who owns an asset has the right to make a unilateral decision regarding this asset, so negotiations must satisfy a participation constraint. We compare nonintegration, where each agent owns one asset, w...

Functionalism, revisionism, and qualia

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The effect of rent control on commute times

This paper adds to the empirical literature on rent control. We hypothesize that rent control affects commute times. New Jersey census tract data (from the Urban Institute/Geolytics Neighborhood Change Database) show a positive and statistically significant relationship between rent control and commute times for 1980, 1990 and 2000. For 1980 and 1990, we confirm that it is a lack of household m...

Number 1985 Does Rent Control Reduce Segregation ?

Advocates of rent control often argue that rent control aids the mixing of rich and poor, and perhaps of the races as well. Economic theory does not necessarily predict that rent control will reduce segregation. The best case for rent control as an aid to integration is that it creates pockets of low rent (and low quality) apartments in expensive cities. However, by creating an excess of demand...