Evidence on rationality in commercial property markets: an interpretation and critique
In: NBER working paper series 11329
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In: NBER working paper series 11329
In: NBER working paper series 9894
In: NBER working paper series 9207
In: NBER working paper series 9214
In: Lexington books
In: Understanding capital markets Vol. 1
In: Journal of Property Investment & Finance, Band 20, Heft 6, S. 513-524
The upward‐only lease is the dominant rental contract in the UK, while the turnover lease is widely used in the US retail sector. This paper compares and contracts the landlord rent options in these two leases, interpreting and extending the earlier simulation analysis of Booth and Walsh and of Hendershott and Ward. While the options are similar, the ability of the turnover rent lease to induce greater landlord effort and co‐operation between tenants and the landlord suggest that both UK investors and UK consumers would be well served by greater use of the turnover lease.
In: Journal of property research, Band 14, Heft 1, S. 1-13
ISSN: 1466-4453
In: Journal of property research, Band 13, Heft 1, S. 57-66
ISSN: 1466-4453
In: Journal of property research, Band 12, Heft 2, S. 127-135
ISSN: 1466-4453
In: NBER Working Paper No. w4775
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In: NBER Working Paper No. w3770
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In: NBER Working Paper No. w3880
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In: NBER Working Paper No. w2375
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In: NBER Working Paper No. w2245
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