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Rent Control and The Supply of Housing Services: The Brookline Massachusetts Experience
Author(s) -
Jackson Raymond
Publication year - 1993
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.1993.tb02571.x
Subject(s) - metropolitan area , capital (architecture) , control (management) , economics , business , labour economics , geography , management , archaeology
A bstract . The hypothesis that the short‐run and long‐run supply of housing services is unaffected by rent control is examined. It has been asserted that total housing services may remain unchanged when tenant supplied services are included and that capital improvements may return to normal after the initial loss in property values. Using data on health code violations and building permits from a town in metropolitan Boston , the analysis concludes that rent control diminishes the total supply of housing services in the short‐run and reduces capital expenditures to maintain and improve housing services in the long‐run.