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Working Papers

Option Value and Storefront Vacancy in New York City

Erica Moszkowski, Daniel Stackman • April 12, 2023

Why do storefronts remain empty for more than a year in some of the world’s highest-rent retail districts? Landlords with vacancies derive option value from two sources of…
Working Papers

Conserving Forests and Preserving Housing Affordability

Julia Smachylo • January 26, 2021

This paper explores and contributes to scholarship on the escalating related concerns of environmental conservation and housing affordability. Situated within contemporary…