Controles de alquileres

In this paper we review the allocative and distributional effects of those provisions that fall under the general heading of rent controls. We discuss “first generation” controls (viewed as setting a maximum rental price) and “second generation” controls (where the regulation is not as stringent and, in particular, exceptions associated with new housing units are allowed) as well as the so-called “third generation” or tenancy controls (where rental payments are regulated within a tenancy but may vary between tenancies). We also review the indications provided by the empirical evidence along with some recent regulation and deregulation experiences.