Research Papers in Economics, Department of Economics, Stockholm University
Rent-Control and Prices of Owner Occupied Housing
() and Sten Nyberg
Abstract: We examine the relation between rent control and prices of
owner occupied housing in the presence of different qualities of housing.
While a rent ceiling and the price of condominiums are substitutes if
housing is undifferentiated, it is shown that this is not necessarily the
case when housing differs in quality. A complete dismantling of
rent-control may in fact increase the price of condominiums.
Keywords: rent control; product differentiation; rationing; (follow links to similar papers)
JEL-Codes: D45; D49; (follow links to similar papers)
16 pages, May 6, 1998
- This paper is published as:
Häckner, Jonas and Sten Nyberg, (2000), 'Rent-Control and Prices of Owner Occupied Housing', Scandinavian Journal of Economics, Vol. 102, pages 213-222
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