The Regulation of Rental Contracts in the Housing Market
Franz Hubert
(Author)
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Description
In many countries (part of) the rental housing market is subject to regulations concerning determination of rent and security of tenure. The author provides fresh theoretical analysis of these measures by taking into account special features of the housing market, like indivisibility, mobility cost and incomplete contracts. The impact a rent ceiling has on contracting, the allocation of the housing stock, rationing cost and on rents in the free housing sector is examined. In some cases tenure laws provide for tenure security and rules for the updating of rent while leaving the initial rent for new leases freely negotiable. The analysis shows that the efficiency of the market could be improved through this type of regulation.
Product Details
Price
$63.19
Publisher
Peter Lang Gmbh, Internationaler Verlag Der W
Publish Date
October 01, 1991
Pages
168
Language
English
Type
Paperback
EAN/UPC
9783631443231
BISAC Categories:
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About the Author
The Author: Franz Hubert was born in 1959 in Munich. He received his diploma in Political Science in 1982, and in Economics in 1986 from the Freie Universität Berlin. He was a part-time research assistant at the Wissenschaftszentrum Berlin from 1982 to 1985. In 1986 he became research assistant at the economic department of the Freie Universität Berlin. He obtained his Ph.D. in 1989. His research and lecture cover a wide area of applied microeconomics and economic policy.