The multislope ski-rental problem is an extension of the classical ski-rental problem, where the player has several options of paying both of a per-time fee and an initial fee, in addition to pure renting and buying options. Damaschke gave a lower bound of 3.62 on the competitive ratio for the case where arbitrary number of options can be offered. In this paper we propose a scheme that for the ...

This study uses panel data from 1,142 Kenya smallholder households over four survey periods to examine the determinants of participation in land rental markets and to quantify the impact of renting land on households’ crop income and total income. We find that land rental markets in Kenya enhance productivity and are equitable. The results are consistent across different estimation methods and ...

Motivated by the dynamics of the ever-popular online movie rental business, we study a range of assignment problems in rental markets. The assignment problems associated with rental markets possess a rich mathematical structure and are closely related to many well-studied one-sided matching problems. We formalize and characterize the assignment problems in rental markets in terms of one-sided m...

In this paper by means of a simple system dynamics model, we have addressed a cycle-producing mechanism in the owner-occupied real estate market which has not been discussed in the real estate economics literature before. This mechanism is based on accumulation of supply and demand which arises from specific stock-flow structure of a durable goods market like the owner-occupied market. Comparis...

This paper revisits Williams (1997) on the effect of net rental price, asset quality and variable investment costs on the asset redevelopment decision. This paper develops a quasi-analytical method for solving the generalised real renovation option problem by treating the investment cost as having both a variable and a fixed element and then extends the analysis for the case where both the net ...

Assessing the rental value of residential properties is a complex and challenging process to both practitioners and academicians because it involves analyzing the rental property, neighborhood characteristics and market conditions. The rental housing market is characterized as imperfect and inefficient, because the product is long-lasting, fixed on a given site, heterogeneous, and controlled by...

N o country can ever be held in just estimation", proclaimed Arthur Y o u n g in 1780, " w h e n the rental of it is u n k n o w n " : and Y o u n g , in his Tour in Ireland, proceeded to estimate the rental of this country. 1 His w a s the rhetoric of the political arithmetician, but he w a s neither the first nor the last to e m b a r k o n aggregate calculations. Several of the best-known pa...

There appears to be a current policy fascination with what rental provision from the private housing sector could offer to the UK’s housing market and to national and local economies. A plethora of reports from Parliamentary Committees, independent think-tanks, academic and professional bodies have promoted the benefits of new private rental supplies, but there seems little critical evaluation ...