This paper provides a theoretical description for the adoption of turn-taking in office where two or more individuals … are elected to a committee to serve individual terms for the same public office, with the exclusive right to exercise the … public office rotating, exclusively, among the members of the committee at intervals shorter than the term length. Turn …

, most of the larger cities probably will expect an increase in demand for residential property. The situation for office … districts looks very different. Since the demand for office space is essentially determined by the size of the active workforce …, demographic change will hit the market for office space considerably harder. For example, in the scenario on which this study is …

We conduct a comprehensive international study of predictability in housing markets using the rent-price ratio as a …-premia, but we also document two puzzles. First, there is a highly unstable predictive pattern in rent growth across countries and …

to rents, we find strong evidence that price-rent ratios and lagged changes in house prices forecast changes in rents …Variation in monthly metropolitan area house prices unrelated to future rents clouds forecasts of rents from price-rent … by measuring rent growth regression variables net of their monthly cross-section (across area) means. Similarly …

-of-sample forecasting exercise, we find that both pooling and accounting for spatial effects helps to substantially improve the forecast …

improving the forecasts, given the local nature of the real-estate markets. The forecast accuracy of different predictors is … useful, namely the business confidence at the national level, consumer confidence, and price-to-rent ratios. Given the short … sample size, the combinations of individual forecast do not improve the forecast accuracy. On average, the forecast …

confidence at the national level, consumer confidence, and price-to-rent ratios. Even better forecast precision can be achieved … reductions. Since the end of 2010, after more than a decade of falling real housing prices, strong rent and especially price … hand, the tenants that constitute a majority of German population are afraid of substantial rent increases that will erode …