Mietpreissenkungen lösen das Leerstandsproblem nicht / Reductions of Rents do not Solve the East German Vacancy Problem: Eine Replik zu Kristof Dascher (2005), Zum Abriß des Deutschen Wohnungsleerstandes, Jahrbücher für Nationalökonomie und Statistik, 225/4, S. 482-498 / A Reply to Kristof Dascher (2005), Zum Abriss des Deutschen Wohnungsleerstandes, Jahrbuecher fuer Nationaloekonomie und Statistik, 225/4, pp. 482-498

Wolfgang Maennig

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2006, vol. 226, issue 3, 329-335

Abstract: Kristof Dascher’s (2005) hypothesis that the level of vacant accommodation in eastern Germany can be mitigated by lowering housing rents can be countered by an argument based on alternative, but market-oriented costs from the housing economy, which postulates that from the owners’ point of view the alternatives of demolition, vacancy or rental can be optimal depending on the situation. However, if the gross rent level is reduced by 20% the reservation rent level is reached where owners become indifferent between rental and vacancy. In view of the low elasticities in housing demand, such rent reductions are far from sufficient to eradicate vacancies.

Keywords: Shrinking population; real estates; asymmetric price reactions; regional analysis (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/jbnst-2006-0306 (text/html)

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:jns:jbstat:v:226:y:2006:i:3:p:329-335

DOI: 10.1515/jbnst-2006-0306

Access Statistics for this article

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik) is currently edited by Peter Winker

More articles in Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik) from De Gruyter
Bibliographic data for series maintained by Peter Golla ().