The textbook graphical analysis of price control (see Figure 1) is inappropriate any time there is substantial consumer heterogeneity. In cases such as rental apartments, where one unit is usually the maximum bought per customer, and the downward slope of the demand function comes exclusively...

Housing is one of the areas where it may be most critical for poor people to have access to legal representation in civil cases. We study the roll-out of New York City's Universal Access to Counsel program (UA), using detailed address-level housing court data from 2016 to 2019. The program,...

Digital platforms are not only match-making intermediaries but also establish internal rules that govern all users in their ecosystems. To better understand the governing role of platforms, we study two Airbnb pro-guest rules that pertain to guest and host cancellations, using data on Airbnb and...

NWW Concept (North & all, 2009) determines the necessary threshold conditions for the transition from Limited Access Orders (LAO) to Open Access Orders (OAO). In this article, I offer a sufficient criterion for such a transition. What are the conditions under which a rent-seeking behavior...

Residential rental markets regulations have become an integral part of everyday life in Germany as in almost all other countries. The strong house price and rent increases over the past decade have fueled social debate on this issue. Tenant movements worldwide are demanding tighter regulations...

This paper proposes a theory of urban land use with endogenous property rights. Socially heterogeneous households compete for where to live in the city and choose the type of property rights they purchase from a land administration which collects fees in inequitable ways. The model generates...

Under tenancy rent control, rents are regulated within a tenancy but not between tenancies. This paper investigates the effects of tenancy rent control on housing quality and maintenance. Since the discounted revenue received over a fixed-duration tenancy depends only on the starting rent,...

Compared to other European countries rental apartments dominate the German housing market. Policymakers and a large part of the population alike worry about the amount of affordable living space. Especially in metropolitan areas a high demand for living space exists and has been leading to a...

Die vorliegende Studie sucht aus juristischer und soziologischer Perspektive Konzepte für einen effektiveren und zugleich sozialeren Klimaschutz jenseits festgefahrener "Kopenhagen-Debatten". Damit wird der vermeintliche Gegensatz "soziale Gerechtigkeit versus ambitionierte Klimapolitik"...

Die deutsche Wohnungswirtschaft unterliegt einer tiefgreifenden staatlichen Regulierung.Hiervon sind insbesondere Heizungsanlagen betroffen. Durch die vorgeschriebene Aufteilungin Kaltmiete und Nebenkosten stellt sich die Investition in eine neue, effiziente Heizungsanlagefür den Vermieter als...

Die vorliegende Studie sucht aus juristischer und soziologischer Perspektive Konzepte für einen effektiveren und zugleich sozialeren Klimaschutz jenseits festgefahrener "Kopenhagen-Debatten". Damit wird der vermeintliche Gegensatz "soziale Gerechtigkeit versus ambitionierte Klimapolitik"...

In the US or in the UK, the presence of institutional investors in real estate markets is an old phenomenon. Specifically, Real Estate Investment Trusts are an old industry. Due to a difference in tax law, the market share of REITs in Germany has been minimal until very recently. Now the...

In the US or in the UK, the presence of institutional investors in real estate markets is an old phenomenon. Specifically, Real Estate Investment Trusts are an old industry. Due to a difference in tax law, the market share of REITs in Germany has been minimal until very recently. Now the...

Retail leases often include a constant percentage rent above a breakpoint. Most breakpoints are restricted to a natural breakpoint, calculated as base rent divided by percentage rent. Frequently, breakpoints are much greater than sales when leases are signed. Both within and across categories of...