4. Displacement, Rent Control, and Housing Justice

2021 ◽  
pp. 84-108
Keyword(s):  
Author(s):  
Noemi Schmitt ◽  
Frank Westerhoff

AbstractWe propose a novel housing market model to explore the effectiveness of rent control. Our model reveals that the expectation formation and learning behavior of boundedly rational homebuyers, switching between extrapolative and regressive expectation rules subject to their past forecasting accuracy, may create endogenous housing market dynamics. We show that policymakers may use rent control to reduce the rent level, although such policies may have undesirable effects on the house price and the housing stock. However, we are also able to prove that well-designed rent control may help policymakers to stabilize housing market dynamics, even without creating housing market distortions.


2021 ◽  
Vol 42 (5) ◽  
pp. 701-712
Author(s):  
Tom Slater
Keyword(s):  

2007 ◽  
Vol 09 (03) ◽  
pp. 515-525
Author(s):  
KIMMO ERIKSSON ◽  
JONAS SJÖSTRAND

The Swedish rent control system creates a white market for swapping rental contracts and a black market for selling rental contracts. Empirical data suggests that in this black-and-white market some people act according to utility functions that are both discontinuous and locally decreasing in money. We discuss Quinzii's theorem for the nonemptiness of the core of generalized house-swapping games, and show how it can be extended to cover the Swedish game. In a second part, we show how this theorem of Quinzii and her second theorem on nonemptiness of the core in two-sided models are both special cases of a more general theorem.


2013 ◽  
pp. 360-386
Author(s):  
Robert M. Fogelson
Keyword(s):  

2018 ◽  
Vol 18 (1) ◽  
pp. 235 ◽  
Author(s):  
Walter E. Block ◽  
Harold E. Wirth ◽  
Joseph A. Butt

Most economists oppose minimum wages, rent control and protectionism. The present paper takes this opposition one step further. Well, a few steps further. It attempts to make the case that those responsible for these enactments are criminals and should be punished by law.


2005 ◽  
Vol 58 (3) ◽  
pp. 421-436 ◽  
Author(s):  
Robert Krol ◽  
Shirley Svorny
Keyword(s):  

1998 ◽  
Vol 5 (4) ◽  
pp. 25-37
Author(s):  
Steven Soifer
Keyword(s):  

Sign in / Sign up

Export Citation Format

Share Document