Since cultural monuments and/or heritage sites, depending on the degree of their international recognition, generate economic activity and contribute to the economy of the countries in which they are located, one should regard them as valuable economic resources. Th e aim of this work is to fi rstly, address the issue of economically eff ective and socially responsible management of cultural mo...

1 Tlie authoxs thank paitidpants at a seminar in Konstanz fox theii comments. Reraain-ing eirors are ours. The Cential Bureau of Statistics ptovided the data. Abstract We examine the effect of a rent subsidy program, Rent Assistance, on the demand for rental housing in The Netherlands. Low-income households with a rent that exceeds a norm rent, but is smaller than a maximum rent are eligible fo...

This paper argues that Ireland’s housing problems stem in part from a particular philosophical orientation which supports the “commodification” of housing and gives strong encouragement to private market provision of housing for sale, for rent and capital gain and less attention to housing need. The paper examines the extent and causes of house price increases over the last decade, it draws com...

Turtle Creek Managem ent’s recent decision to evict six Notre Dame students from their apart­ ments has le ft local landlords and property managers torn , and students question ing the app lica tion o f las t sum m er’s amendment to the d isorderly house ordinance responsible for the evictions. “1 think [Turtle Creek] made a m a jo r m is ta k e ,” said M ark K ram er, ow ner o f K ram er Prope...

Using quarterly housing price-to-rent ratios from 1970 to 2018, this paper investigated the presence of real estate bubbles at a national level in eight selected European countries, namely Belgium, France, Germany, Italy, Netherlands, Portugal, Spain, and United Kingdom. Then, we analyzed contagion among these countries. We applied generalized sup ADF test developed by Phillips et al. (2015) de...

Abstract The price to rent ratio can be used identify properties which are either overvalued or undervalued according market fundamentals. Fluctuations in the over time, traced changes expectations of future house growth (expected returns) rental growth. In this paper, we measure impact these latent variables Scotland’s main cities by implementing a state-space model based on present value. est...

Class action lawsuits as a vehicle of rent extraction is developed as an extension of political/legislative rent extraction theory. An event study is performed on thirty firms in which a securities class action lawsuit is filed and subsequently resolved by retraction, settlement, or legal verdict. The data set is found to be consistent with rent having been extracted as a result of the class ac...