generation of rents (as a distinctly different mechanism from profit maximising business activity), we use a broader notion of … rent than it was customary in the past 50 years. We return to the Ricardian tradition and define the institution of rent as … payments for goods, services or for work in employment that exceed the competitive price. Our rent concept includes - inter …

correlated with a 1% increase in rent. Market power is substantial: on average, markups account for nearly a third of rents in …

the density bias of price-to-rent ratios in levels and trends, within and between cities. Our method lends itself to the … creation of comparable neighborhood-level qualified rent indices (Mietspiegel) across Germany. …

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 the owner of non-produced inputs, it clarifies first the definitions of the …

The gap between market rent and the price of shelter was 6.6 percent larger in December 2023 relative to December 2019 … this question. When there is a positive market-shelter gap, the price of shelter grows faster and market rent grows slower … until the gap closes, which takes about five years. Faster shelter‐price growth and slower market‐rent growth each explain …