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Price Controls: Effects on Markets by Trinh Phan Thị Ngọc is a document available to read on EtoBox.

What is Price Controls: Effects on Markets about?

The document discusses controls on prices, specifically rent control. It summarizes the short-run and long-run effects of rent control policies. In the short-run, rent control leads to a small shortage and reduced rents. However, in the long-run, it can have adverse effects by reducing the supply of housing as landlords lack incentives to build or maintain properties, leading to large shortages. It also discusses how rent control can result in inefficient rationing mechanisms and shortages.

Author

Trinh Phan Thị Ngọc

Language

EN