How does Rent Control Affect Housing Markets? Evidence from Cambridge, Massachusetts.
Professor David Autor
Thu Jan 21, 03-04:00pm, E52-175
No enrollment limit, no advance sign up
Rent control provides one of the leading textbook examples of the adverse effects of price regulation on market efficiency. But there is almost no direct evidence of how rent control regulation affects the quantity and quality of housing supplied, the allocation of housing to tenants, and the market value of housing units.
The IAP talk will present initial evidence on how the elimination of rent control in 1995 affected the market valuation of Cambridge housing, as well as Cambridge housing investments. A particular focus of the talk is on externalities stemming from rent control—that is, how rent control laws affected property values of, and investments in, nearby non-controlled properties.
Contact: Ruth Levitsky, E52-252, x3-3399, levitsky@mit.edu
Sponsor: Economics
Latest update: 23-Dec-2009
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