Information Asymmetry, Regulations and Equilibrium Outcomes: Theory and Evidence from the Housing Rental Market
研究了信息不对称和监管如何影响租赁市场均衡，发现房东将监管成本计入租金，同时加强租户筛选以缓解信息不对称，从而限制了租赁住房的可及性。
Abstract We explore the role of information asymmetry and regulations on equilibrium outcomes in rental markets to show that while landlords price the cost of regulations into rent, they also invest in tenant screening to alleviate information asymmetry, thus restricting access to rental housing. We are the first to document this additional tenant screening in response to regulations.