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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

Affordable Assisted Living: Surveying the Possibilities

Jenny Schuetz • January 30, 2003

W03-1: The growing number of frail seniors in the U.S. has prompted considerable concern over the provision of long-term care. Seniors are living longer and staying…