New York City has a long-standing policy of con-trolling rents in certain parts of the cityin essence,

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New York City has a long-standing policy of con-trolling rents in certain parts of the city—in essence, a price ceiling on rent. Is the market for apartments likely to be efficient or inefficient? What does this imply for the size of total surplus?
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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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