Regulation of Rental Contracts in the Housing Market: v. 1221 (European University Studies) - Softcover

Hubert, Franz

9783631443231: Regulation of Rental Contracts in the Housing Market: v. 1221 (European University Studies)

Softcover

ISBN 10: 3631443234 ISBN 13: 9783631443231

Publisher: Peter Lang GmbH, 1991

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.

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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 Universitaet 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 Universitaet Berlin. He obtained his Ph.D. in 1989. His research and lecture cover a wide area of applied microeconomics and economic policy.

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