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Working Papers

Option Value and Storefront Vacancy in New York City

Erica Moszkowski, Daniel Stackman • April 12, 2023

Why do storefronts remain empty for more than a year in some of the world’s highest-rent retail districts? Landlords with vacancies derive option value from two sources of…
Working Papers

Rental Housing: An International Comparison

Michael Carliner, Ellen Marya • September 1, 2016

This working paper compares rental housing in 12 countries in Europe and North America, using individual records from household surveys. Differences in housing…