The impact on rent from tenant and landlord characteristics and interaction

Erling Red Larsen and Dag Einar Sommervoll

Regional Science and Urban Economics, 2009, vol. 39, issue 3, 316-322

Abstract: Owner-occupied and rental housing services are often assumed to be close substitutes, and both house price and rental price indices rely on regressions based on dwelling and spatial attributes. However, while such characteristics are exhaustive in the owner's market, they cannot capture the additional complexity of rental markets. This paper offers an analysis of additional factors that affect rent, such as landlord and tenant characteristics and the landlord-tenant interaction. We examine a novel data set of the Norwegian rental market and obtain substantial improvements in explanatory power by including tenant and landlord characteristics. Additionally, we are able to shed first light on long-standing questions such as the relationship between the scale of the landlord's businesses and rent levels.

Keywords: Hedonic; model; Landlord; scale; Rental; market; Tenant; characteristics (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0166-0462(08)00115-4
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:regeco:v:39:y:2009:i:3:p:316-322

Access Statistics for this article

Regional Science and Urban Economics is currently edited by D.P McMillen and Y. Zenou

More articles in Regional Science and Urban Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().