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| Atypicalities and Apartment Rent
Concessions Author: James R. Frew, G. Donald Jud, and Daniel T. Winkler Start Page: 195 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. |
