conditions under which a rent-seeking behavior becomes unprofitable for the elite? The article associates them with excess income …

overage options to that of the tenant renewal option at the same initial rent. As a result, not only are the values of the …

Under tenancy rent control, rents are regulated within a tenancy but not between tenancies. This paper investigates the … effects of tenancy rent control on housing quality and maintenance. Since the discounted revenue received over a fixed …-duration tenancy depends only on the starting rent, intuitively the landlord has an incentive to spruce up the unit between tenancies …