Measuring the Efficiency Cost of Rent Control
估计了租金管制对房东造成的生产者剩余损失，利用纽约州五个城市的数据，发现租金管制使准租金减少约15%，无谓损失约为总租金的1.5%。
This paper estimates the burden of lost producer surplus imposed on landlords by rent control. The approach employed measures the reduction in Marshallian quasi‐rent from the side of the derived demand for factors rather than the short‐run supply of housing. A constant elasticity of substitution production function is employed to derive the input demand equation. The equation is estimated using post‐war rent control data from five major New York State cities. It turns out that rent control reduced quasi‐rent about 15%. The deadweight loss is estimated at 1.5% of gross rental payments or about 5% of net income before debt charges.