Rental Contracts, Endogenous Turnover and Rent Volatility

The paper analysis rental contracts in a two-period model of thehousing market with uncertain 'outside option', accounting for non-contractible mobility-cost and consumption indivisibilities. The mainndings are: (i) Bilaterally ecient contracts set rents which are lessvolatile than market rents for vacancies. (ii) Equilibrium-contractsimply a negative relation between turnover and market rents...<br<

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Alternative title:	Mietverträge, endogener Umsatz und Mietvolatilität
Year of publication:	1996-11-01
Authors:	Hubert, Franz
Institutions:	Universität <Berlin, Humboldt-Universität> / Chair for Management Science
Subject:	Wohnungsmarkt \| Volatilität \| Mietvertrag \| long-term contracts

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Extent:	264192 bytes 19 p. application/pdf
Series:	Humboldt-Universität zu Berlin (Heinz-Nixdorf-Stiftung) - Chair for Management Sciences - Publications
Type of publication:	Book / Working Paper
Language:	English
Classification:	D82 - Asymmetric and Private Information ; R00 - Urban, Rural, and Regional Economics. General ; Real estate. Moveable property ; Individual Working Papers, Preprints ; Russia
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005842986