Glascock, John L.; Sirmans, C. F.; Turnbull, Geoffrey K. - In: Real Estate Economics 21 (1993) 1, pp. 69-82
How do landlords provide credible signals to tenants that they will maintainthe building when the needed upkeep over the contract period is uncertain at the time that rental decisions are made? In this paper, we develop a model of credible commitment under uncertainty wherein owner tenancy...