The Nominal Rigidity of Apartment Rents

By David Genesove. Review of Economics and Statistics, 2003

164 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Price Setting in the Euro Area: Some Stylised Facts from Individual Producer Price Data (2012, unknown): “11 In a case study of the French CPI, Guédès (2004) indicates that quality adjustment leads to depart from the raw recorded price change in 92 p.”
Consumer Price Adjustment Under the Microscope: Germany in a Period of Low Inflation (2006, unknown): “The outstanding rigidity of housing rents, which is also observed in US data (Genesove, 2003), stems from the peculiarities of long-term contracting, asymmetric information and high transaction costs, which give rise to public regulation and tenancy discounts.”
Competition and Price Variation When Consumers Are Loss Averse (2008, background): “David Genesove (2003) documents substantial rigidity in apartment rents, even though a new lease is filled out and signed every year for most apartments in his sample.”
Is Terrorism Eroding Agglomeration Economies in Central Business Districts? Lessons from the Office Real Estate Market in Downtown Chicago (2008, unknown): “3 In a related context, Genesove (2003) provides evidence of nominal rigidity in the residential real estate market. 4 In particular, the CoStar database used in this study includes building-level data on vacant space, defined as “space that is not currently occupied by a tenant, regardless of any l”