Rent control and virtual prices: A case study for interwar Belgium
成果类型：
Article
署名作者：
KU Leuven
刊物名称：
JOURNAL OF ECONOMIC HISTORY
ISSN/ISSBN：
0022-0507
DOI：
10.1017/S0022050700113403
发表日期：
1997
页码：
654-673
关键词：
摘要：
After World War I rent control became a cornerstone of housing policy in many European countries, resulting in quantity constraints on the demand for housing. The theory on complete demand systems provides a framework for analyzing the effects of these policies on consumption. As a test case, a demand model is estimated to calculate virtual rent prices for interwar Belgium The results an well in line with historical evidence, providing insight into the extent of rationing. Simulations with the demand model show that the severe rent restrictions especially favored expenditures on food.