Atypicalities and Apartment Rent Concessions

James R. Frew (), G. Donald Jud () and Daniel T. Winkler ()
Additional contact information
James R. Frew: Economics Department Willamette University 900 State Street Salem, Oregon 97301, http://www.willamette.edu/cla/economics/
G. Donald Jud: Department of Finance University of North Carolina, Greensboro Greensboro, North Carolina 27412, http://www.uncg.edu/bae/badm/
Daniel T. Winkler: Department of Finance University of North Carolina, Greensboro Greensboro, North Carolina 27412, http://www.uncg.edu/bae/badm/

Journal of Real Estate Research, 1990, vol. 5, issue 2, 195-202

Abstract: This paper examines the use and value of rental concession using a 1988 sample of apartment rents in the Greensboro/High Point/Winston-Salem (North Carolina) MSA. The first section develops an approach to the problem and the second section estimates a logit model to predict the use of concessions as a pricing strategy based on characteristics of the apartment. The third section employs a hedonic pricing model to measure the average value of rental concessions in the Greensboro market. The final section summarizes relevant findings.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1990
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Citations: View citations in EconPapers (4)

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