Studies of real estate markets have long been hamstrung by the lack of reliable information on the flow price of housing. In contrast to the voluminous information on constant-quality real estate sale prices (from e.g. the Federal Housing Finance Administration) comparable indices for rents have not been available. The only widely available data comes from the Bureau of Labor Statistics (BLS), ...

We investigate observed rent dissipation—the ratio of the total costs seeking to monetary value rent—in winner-take-all and share contests, where preferences are more general than usually assumed in literature. With concave valuation rent, we find that contests can exhibit over-dissipation if contested is below a threshold yet under-dissipation with large rents: nature implies contestants relat...

States Supreme Court held that an ordinance mandating a ceiling on rents mobile home park owners can charge does not constitute a Fifth Amendment taking by the government and, therefore, does not entitle the park owners to compensation. Background In 1978, the State of Califoniia enacted the Mobilehome Residency Law, which limits a mobile home park owner's ability to terminate the tenancy of a ...

This paper analyses whether wages in Germany respond to firm-specific profitability conditions. Particular emphasis lies on the question of whether the extent of rent-sharing varies across di erent systems of wage determination. Those may be categorised into sector-specific wage agreements, firm-specific wage agreements and wage determination without any bargaining coverage. To derive testable ...