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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

Young American Adults Living in Parental Homes

Zhu Xiao Di, Yi Yang, Xiaodong Liu • May 15, 2002

W02-3: This paper reviews the literature of young adults (ages 25-34) living in parental homes in regard to gender difference, racial difference, family structure…