Since 2014
A Paternalist’s Mistake: Rent Control
Journal of Economics and Political Economy
View Archive Info| Field | Value | |
| Title |
A Paternalist’s Mistake: Rent Control
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| Creator |
ARIAS, Miguel; Joseph A. Butt, S.J. College of Business, Loyola University New Orleans, 6363 St. Charles Avenue, Box 15, Miller Hall 318, New Orleans, LA 70118, USA.
ANDERSON, Christine; Joseph A. Butt, S.J. College of Business, Loyola University New Orleans, 6363 St. Charles Avenue, Box 15, Miller Hall 318, New Orleans, LA 70118, USA. BLOCK, Walter; Loyola University New Orleans 6363 St. Charles Ave. Campus Box 015 New Orleans, LA 70118 |
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| Subject |
Price control; rent control; housing; profits; shortages
R31 |
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| Description |
AbstractRent control, to the economically uninitiated, sounds like a good idea. After all, given that poor people spend a disproportionate percentage of their incomes on housing, what policy could possibly be of more help to them than to lower their rents? Profit-seeking landlords can hardly be expected to do so on their own. Their inability to undertake so public-spirited a policy thus constitutes a “market failure,” and only government can ride to the rescue the suffering masses. This at least is the story widely told by journalists, clergy, teachers, etc. The present paper is an attempt to shed some light on the very opposite perspective: that rent controls lower the supply of residential rental housing, and thus hurt the poor, the very people supposedly helped by this unwarranted legislation. Key words: Price control; rent control; housing; profits; shortages.JEL: R31.
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| Publisher |
Journal of Economics and Political Economy
Journal of Economics and Political Economy |
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| Contributor |
none
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| Date |
2016-12-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/JEPE/article/view/1058
10.1453/jepe.v3i4.1058 |
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| Source |
Journal of Economics and Political Economy; Vol 3, No 4 (2016): December; 627-637
Journal of Economics and Political Economy; Vol 3, No 4 (2016): December; 627-637 2148-8347 |
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| Language |
eng
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| Relation |
info:eu-repo/grantAgreement/EC/FP7/123456
http://www.kspjournals.org/index.php/JEPE/article/view/1058/1167 http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/1058/465 |
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| Rights |
info:eu-repo/semantics/openAccess
Copyright (c) 2017 Journal of Economics and Political Economy http://creativecommons.org/licenses/by-nc/4.0 |
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