Analyzing Rent Control

The Case of Los Angeles

Michael Murray, C. Peter Rydell, C. Lance Barnett, Carol E. Hillestad, Kevin Neels

ResearchPublished 1988

This paper was originally presented at the conference on "Rent Control: The International Experience" at John Deutsch Institute of Economic Policy, Queen's University, Kingston, Canada, September 1-4, 1987. It presents an analysis of Los Angeles' rent controls and provides a quantitative forecast of the housing market effects of an actual rent control ordinance. The authors indicate that two of their findings should apply to other communities with rent control: First, the bulk of the transfers from landlords to tenants achieved by a rent control law are realized early in the law's life, but the bulk of the economic cost of the law — the housing stock lost through inefficient workings of the market mechanism under rent control — is incurred later in the law's life. Second, legal provisions that ameliorate rent control's deleterious effect on landlords' incentives to maintain their dwellings reduce the benefits of rent control to tenants.

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  • Copyright: RAND Corporation
  • Availability: Available
  • Year: 1988
  • Print Format: Paperback
  • Paperback Pages: 58
  • Paperback Price: $23.00
  • Document Number: P-7363

Citation

RAND Style Manual
Murray, Michael, C. Peter Rydell, C. Lance Barnett, Carol E. Hillestad, and Kevin Neels, Analyzing Rent Control: The Case of Los Angeles, RAND Corporation, P-7363, 1988. As of September 11, 2024: https://www.rand.org/pubs/papers/P7363.html
Chicago Manual of Style
Murray, Michael, C. Peter Rydell, C. Lance Barnett, Carol E. Hillestad, and Kevin Neels, Analyzing Rent Control: The Case of Los Angeles. Santa Monica, CA: RAND Corporation, 1988. https://www.rand.org/pubs/papers/P7363.html. Also available in print form.
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