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Erschienen in:
2015 | OriginalPaper | Buchkapitel
16. Rent Control
Joint Work with Aaron Konop and Mari Lehman
verfasst von : Jaime Luque
Erschienen in: Urban Land Economics
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Abstract
Rent control policies are a system implemented by the government intended to establish rent price ceilings for rental properties. In the past, many studies have been conducted on the consequences of rent control on efficiency and equity. In their 2005 paper, “The Effect of Rent Control on Commute Times,” Robert Krol and Shirley Svorny instead explore the impact on household location decisions, as evidenced by long commute times. The main basis for this research is the assumption stated by economic models that predict utility maximizing households will weigh the benefits of moving against the costs. Svorny and Krol theorize that rent controls limit mobility and extend commute times, therefore ruling out otherwise beneficial moves.