This paper investigates the impact of vertical location and tenants sorting on commercial office rents within the tall office towers of Amsterdam. in economic geography and urban economics' approach to productivity tall buildings constitute an important, density-increasing typology that fosters...

The upward sloping trend of rents and house prices has initiated a debate on the consequences of surging housing costs for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to investigate the dynamics of wealth inequality and the...

The question of rent in economic theory is rather complicated, even at the level of its definition. This article attempts to get back to basics in order to clear things up and present a complete and correct theory of rent. Starting with the classical definition of rent, as an income earned by...

This paper shows how Dutch disease effects may arise solely from a shift in demand following a natural resource discovery. The natural resource wealth increases the demand for non-tradable luxury services due to non-homothetic preferences. Labor that could be used to develop other non-resource...