Rent Control and Virtual Prices: A Case Study for Interwar Belgium
研究了一战后比利时租金管制对住房需求的影响，通过估算虚拟租金价格，发现严格的租金管制尤其增加了食品支出。
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 are 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.