The Review of Economics and Statistics Vol. 75 No. 1 1993
Efficient Estimation of the Costs of Rent Controls: A Comment
Abstract
Steven B. Caudill, Richard W. Ault, and Richard P. Saba (1989) introduce an approach to estimating a hedonic price equation that accounts for censoring d ue to rent control in a rental housing market. This paper extends and clarifies their assertion on the consistency of the ordinary least squares estimates and their estimates. The authors indicate how the nature of the rent control law affects the consistency propertie s of the two estimation methods.
- DOI
- 10.2307/2109646
- Volume
- 75
- Issue
- 1
- Pages
- 184
- Sources
- crossref openalex