All views expressed in this paper are those of the authors and do not necessarily reflect the views or policies of the U.S. Bureau of Labor Statistics. This paper demonstrates that, in the context of U.S. housing data, rents and ex ante user costs diverge markedly—in both growth rates and levels—for extended periods of time, a seeming failure of arbitrage and a puzzle from the perspective of st...

continued on page 2 T he June 27 Rent Guidelines Board vote saw more debate and a bigger, louder tenant turn out than any RGB meeting in years. Over 150 tenants, chanting “Roll Back the Rents,” packed the auditorium in the basement of the US Customs House on Bowling Green, despite 20-minute waits at the metal detector. But as it did in May, the board rejected tenant calls to roll back or freeze...

urbanisation is still one of the social themes in developing countries. in china, the rapid process of urbanisation and economic growth bring to people not only more opportunities for creating new life and pursuing happiness, but also the challenge to face various and complex social, economical and environmental problems. among them some are outstanding, like the shrinking plowland devoured by ...

The study aims to determine the factors that cause differentiation of house prices and rents according different locations settlements in Erzurum. As area, three regions with highest housing density Erzurum were determined: city centre (Yakutiye), urban development area (Palandöken) satellite settlement (Aziziye). hedonic price analysis method was used analyse prices. Within scope study, buildi...

The costs of rent seeking exceed traditional measures when opportunity cost is considered. When the quantity of resources consumed by rent seeking is large, rent seeking draws consumer surplus out of alternative resource employments. The costs of rent seeking differ in partial and general equilibrium frameworks; Tullock (1989) recognizes this but incorrectly argues that rent seeking costs are t...

The study examines the relationship between immigration and regional housing markets using wavelet coherence analysis in conjunction with Granger causality tests. We find that while there are some differences relationships, impact of on house rents is consistently more pronounced than prices and, short to medium term, an increase leads a decrease price-to-rent ratios. uses data sets for differe...

I develop a model of rent seeking with informational foundations and an arbitrary number of rent seekers, and I compare the results with Tullock’s (1980) classic model where the influence activities are “blackboxed.” Given the microfoundations, the welfare consequences of rent seeking can be studied. In particular, I show that competition among rent seekers can be socially beneficial, since the...