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What Rent Should a Rent Tribunal Set Some Simple Analytics of Rent Decontrol

What Rent Should a Rent Tribunal Set Some Simple Analytics of Rent Decontrol As deregulation takes place in the UK, rent tribunals areconfronted with the problem of setting a market rent forpreviously controlled property. A simple partial equilibrium model of asector of the rented accommodation market is used to examine thequestion of setting a market rent in the controlledrentsubsector. It is shown that setting the controlled rent equal to therent prevailing in the uncontrolled part of the market is suboptimal,and a simple formula is suggested which will give a better estimate ofthe true free market rent. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Studies Emerald Publishing

What Rent Should a Rent Tribunal Set Some Simple Analytics of Rent Decontrol

Journal of Economic Studies , Volume 19 (1) – Jan 1, 1992

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0144-3585
DOI
10.1108/01443589210015953
Publisher site
See Article on Publisher Site

Abstract

As deregulation takes place in the UK, rent tribunals areconfronted with the problem of setting a market rent forpreviously controlled property. A simple partial equilibrium model of asector of the rented accommodation market is used to examine thequestion of setting a market rent in the controlledrentsubsector. It is shown that setting the controlled rent equal to therent prevailing in the uncontrolled part of the market is suboptimal,and a simple formula is suggested which will give a better estimate ofthe true free market rent.

Journal

Journal of Economic StudiesEmerald Publishing

Published: Jan 1, 1992

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