McAllister, Patrick; Tarbert, Heather - In: Journal of Property Investment & Finance 17 (1999) 4, pp. 353-364
be a function of four variables: expected landlord’s cost of void, probability of tenant relocation, landlord’s risk … rental and/or other concession. It is argued that it will often be rational for the landlord to make a rental concession in …, the bargaining process will often cause deviation from an equilibrium solution. The concession level of the landlord will …