Title: Rent control and virtual prices: A case study for interwar Belgium
Authors: Bettendorf, L ×
Buyst, Erik #
Issue Date: Sep-1997
Publisher: Cambridge univ press
Series Title: Journal of economic history vol:57 issue:3 pages:654-673
Abstract: 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.
ISSN: 0022-0507
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center of Economic History, Leuven
× corresponding author
# (joint) last author

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