Rent Control and Misallocation

@article{Skak2013RentCA,
  title={Rent Control and Misallocation},
  author={Morten Skak and Gintautas Bloze},
  journal={Urban Studies},
  year={2013},
  volume={50},
  pages={1988 - 2005}
}
Rent control is still an important type of government regulation of housing markets in many countries and numerous researchers have studied its implications for allocation, welfare and investments in housing. The present paper aims to improve our understanding of the effect of second-generation rent control when it is applied only to one sector of the rental market. It is diagrammatically shown that the welfare effects are very different between a universal and a limited application of rent… 

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