In many countries (part of) the rental housing market is subject to regulations concerning determination of rent and security of tenure. The author provides fresh theoretical analysis of these measures by taking into account special features of the housing market, like indivisibility, mobility cost and incomplete contracts. The impact a rent ceiling has on contracting, the allocation of the housing stock, rationing cost and on rents in the free housing sector is examined. In some cases tenure laws provide for tenure security and rules for the updating of rent while leaving the initial rent for new leases freely negotiable. The analysis shows that the efficiency of the market could be improved through this type of regulation.
Reihe
Thesis
Sprache
Verlagsort
Frankfurt a.M.
Deutschland
Zielgruppe
Editions-Typ
Illustrationen
Maße
Höhe: 21 cm
Breite: 14.8 cm
Gewicht
ISBN-13
978-3-631-44323-1 (9783631443231)
Schweitzer Klassifikation
The Author: Franz Hubert was born in 1959 in Munich. He received his diploma in Political Science in 1982, and in Economics in 1986 from the Freie Universität Berlin. He was a part-time research assistant at the Wissenschaftszentrum Berlin from 1982 to 1985. In 1986 he became research assistant at the economic department of the Freie Universität Berlin. He obtained his Ph.D. in 1989. His research and lecture cover a wide area of applied microeconomics and economic policy.
Contents: Rent control - Allocation under rent control - The divided housing market - Tenure security - Rent updating in long-term contracts.
