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selection of an administrative standard by whichto setrent ceilings
due process ... the rent boardwhen settingrent ceilings
at 60 per cent of market prices of comparable apartments in the neighbourhood(passive) will be setRent ceilings
usually(passive) are ... setRent ceilings
Municipalities that wantto createrent ceilings
the LURA(passive) set byrent ceilings
The Missionsetsrent ceilings
subsidy authorities of the government(passive) are set byRent ceilings
The billsetsrent ceilings
temporary permission by HUDto setrent ceilings
S]election of an administrative standard by whichto setrent ceilings
The regulationssetrent ceilings
to consider ,when settingrent ceilings
below the equilibrium rent Asetbelow the equilibrium rent A
housing shortages and inefficiency 2createhousing shortages and inefficiency 2
inefficiency and a deadweight losscreateinefficiency and a deadweight loss
below the equilibrium pricesetbelow the equilibrium price
haphazard and arbitrary allocation of space , inefficient use of space , retardation of new construction and indefinite continuance of rent ceilings , or subsidization of new construction and a future depression in residential building ( Lewis and McAfee , 2013causehaphazard and arbitrary allocation of space , inefficient use of space , retardation of new construction and indefinite continuance of rent ceilings , or subsidization of new construction and a future depression in residential building ( Lewis and McAfee , 2013
housing shocreatehousing sho
tenants from raising rental prices[3preventtenants from raising rental prices[3
a demand in excess of the supplycreatea demand in excess of the supply
an opportunity and an economic incentive for millions or persons to spread outhave createdan opportunity and an economic incentive for millions or persons to spread out
to really shoddy apartmentsleadto really shoddy apartments
as high as they aresetas high as they are
to lackluster residential outcomes for participants.3has contributedto lackluster residential outcomes for participants.3
out under Part 8 Division 2setout under Part 8 Division 2
the shortage(passive) created bythe shortage
shortages because , at a lower price , more quantity is demanded than the amount suppliedcreateshortages because , at a lower price , more quantity is demanded than the amount supplied
at 4 %setat 4 %
the distortions(passive) caused bythe distortions
to less than efficient quantity of houses , longer Search Time , Black Market and DWL Price floor : minimum price that must be paid to producers no effect if floor pleadsto less than efficient quantity of houses , longer Search Time , Black Market and DWL Price floor : minimum price that must be paid to producers no effect if floor p
to less than efficient quantity of houses , longer Search Time , black market and DWL Price floor : minimum price that must be paid to producer no effect if floor ≤ p * , otherwise excess of supply minimum wage leads to unemployment ... i.e. quantity of labour available in excess of the quantity demanded ) effects : increased job searchleadsto less than efficient quantity of houses , longer Search Time , black market and DWL Price floor : minimum price that must be paid to producer no effect if floor ≤ p * , otherwise excess of supply minimum wage leads to unemployment ... i.e. quantity of labour available in excess of the quantity demanded ) effects : increased job search
underproductioncreatesunderproduction