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The Effects of Rent Control Policies and Standard Supply-and-Demand Theory
Date Submitted: 09/10/2006 01:50:44
Category: / Science & Technology / Chemistry
Length: 3 pages (879 words)
Category: / Science & Technology / Chemistry
Length: 3 pages (879 words)
The Effects of Rent Control Policies and
Standard Supply-and-Demand Theory
On the surface, rent control appears to be a very feasible solution to assist people in finding housing during hard times. It sounds simple; instate laws to ensure that rent does not exceed a particular value, and housing is kept affordable. However, the economic consequences of such a policy can be far-reaching and severe. William Ticker's Policy Analysis, How Rent Control Drives Out Affordable Housing …
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…one can show that rent control disrupts the natural functioning of the economy. Data from all over the United States supports the theory. As long as rent control policies exist, so will shortages, shadow markets, black markets, and other various alternative markets.
Works Cited
Tucker, William. "How Rent Control Drives out Affordable Housing." Cato Policy Analysis 274 (1997): pp1-15. 23 Oct. 2003
<http://www.cato.org/cgi-bin/scripts/printtech.cgi/pubs/pas/pa-274.html>
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