The impact on rent from tenant and landlord characteristics and interaction
Owner-occupied and rental housing services are often assumed to be close substitutes, and both house price and rental price indices rely on regressions based on dwelling and spatial attributes. However, while such characteristics are exhaustive in the owner's market, they cannot capture the additional complexity of rental markets. This paper offers an analysis of additional factors that affect rent, such as landlord and tenant characteristics and the landlord-tenant interaction. We examine a novel data set of the Norwegian rental market and obtain substantial improvements in explanatory power by including tenant and landlord characteristics. Additionally, we are able to shed first light on long-standing questions such as the relationship between the scale of the landlord's businesses and rent levels.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Zumpano, Leonard V & Elder, Harold W & Baryla, Edward A, 1996. "Buying a House and the Decision to Use a Real Estate Broker," The Journal of Real Estate Finance and Economics, Springer, vol. 13(2), pages 169-181, September.
- Zumpano, Leonard V. & Johnson, Ken H. & Anderson, Randy I., 2003. "Internet use and real estate brokerage market intermediation," Journal of Housing Economics, Elsevier, vol. 12(2), pages 134-150, June.
- Hubert, Franz, 1995. "Contracting with costly tenants," Regional Science and Urban Economics, Elsevier, vol. 25(5), pages 631-654, October.
- Nakagawa, Masayuki & Saito, Makoto & Yamaga, Hisaki, 2007. "Earthquake risk and housing rents: Evidence from the Tokyo Metropolitan Area," Regional Science and Urban Economics, Elsevier, vol. 37(1), pages 87-99, January.
- Goodman, Allen C., 2003. "Following a panel of stayers: Length of stay, tenure choice, and housing demand," Journal of Housing Economics, Elsevier, vol. 12(2), pages 106-133, June.
- Allen C. Goodman & Masahiro Kawai, 1985. "Length-of-Residence Discounts and Rental Housing Demand: Theory and Evidence," Land Economics, University of Wisconsin Press, vol. 62(2), pages 93-105.
- Deng, Yongheng & Gabriel, Stuart A & Nothaft, Frank E, 2003.
"Duration of Residence in the Rental Housing Market,"
The Journal of Real Estate Finance and Economics,
Springer, vol. 26(2-3), pages 267-285, March-May.
- Yongheng Deng & Stuart A. Gabriel & Frank E. Nothaft., 2002. "Duration of Residence in the Rental Housing Market," Working Paper 8625, USC Lusk Center for Real Estate.
- Anderson, Soren T. & West, Sarah E., 2006. "Open space, residential property values, and spatial context," Regional Science and Urban Economics, Elsevier, vol. 36(6), pages 773-789, November.
- Laferrere, Anne & Le Blanc, David, 2004. "How do housing allowances affect rents? An empirical analysis of the French case," Journal of Housing Economics, Elsevier, vol. 13(1), pages 36-67, March.
- Barker, David, 2003. "Length of residence discounts, turnover, and demand elasticity. Should long-term tenants pay less than new tenants?," Journal of Housing Economics, Elsevier, vol. 12(1), pages 1-11, March. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:eee:regeco:v:39:y:2009:i:3:p:316-322. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.