Analyzing Rent Control: The Case of Los Angeles

Murray, Michael P, et al
Authors registered in the RePEc Author Service: Michael Peter Murray

Economic Inquiry, 1991, vol. 29, issue 4, 601-25

Abstract: An accurate assessment of the economic effects of a rent control law requires that both the specific provisions of the ordinance and the characteristics of the local housing market be considered. Examining the case of Los Angeles, the authors conclude that, first, most of the transfers from landlords to tenants were realized early in the law's life, while most of the economic cost of rent control was incurred later; and, second, ordinance provisions aimed at increasing landlord's incentives to maintain rent-controlled dwellings also markedly reduce the size of the transfers to tenants. These results, the authors think, will apply to other jurisdictions. Coauthors are C. Peter Rydell, C. Lance Barnett, Carol E. Hillestad, and Kevin Neels. Copyright 1991 by Oxford University Press.

Date: 1991
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