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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

Project Labor Agreements

John Dunlop • November 20, 2002

W02-7: Modern project agreements have their roots in construction developments in World War II, and they emerged in the post-war era at atomic energy and space and…