3 ms·
The author's point wasn't that. The point was that the main outcome of rent control was simply to shift the distribution of economic rents. Instead of the landl
by pytester 8y ago
The author's point wasn't that. The point was that the main outcome of rent control was simply to shift the distribution of economic rents. Instead of the landlord capturing all of it, the renter got a large chunk of it.
The transaction costs are a red herring.