✦ LIBER ✦

Rent Control: An Economic Abomination

✍ Scribed by Walter Block; Joseph Horton; Ethan Shorter

Book ID: 110253483
Publisher: Springer
Year: 1998
Weight: 47 KB
Volume: 11
Category: Article
ISSN: 0895-8815
DOI: 10.1023/a:1007704207024

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This article presents a simple model of rent control in which the costs and benefits can be analyzed in terms of Hicksian consumer and producer surpluses. Data from New York City are then used to examine the effect of the long-term rent control in that city. Estimates are presented which suggest tha