OPTIMAL HOUSING MAINTENANCE UNDER RENT CONTROL

@inproceedings{Moorhouse1972OPTIMALHM,
  title={OPTIMAL HOUSING MAINTENANCE UNDER RENT CONTROL},
  author={John C. Moorhouse},
  year={1972}
}
This study represents a theoretical and empirical investigation of profit maximizing behavior under rent control with particular reference to optimal maintenance strategy. For our purpose, rent control means that the nominal rental price of a housing unit is fixed or adjusted upward at the discretion of the Rent Commission. Fixing the nominal rent does not, of course, freeze the real rent. It is the thesis of this study that, constrained by rent control and the high fixed costs of housing… CONTINUE READING