Kim, Jinwon - Volkswirtschaftliche Fakultät, … - 2012
South Korea has a unique kind of rental contract, called chonsei. The tenant pays an upfront deposit, typically from 40 … such a unique rental contract exists and has been popular in Korea. The model shows that chonsei is an ingenious market … mortgage borrowings, can access cheaper rental housing via chonsei than when only monthly rental housing is available. The …